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Just a point of thought as there is no means of confirming it one way or another. Either way Sony's playing coiy and there being an official price cut is somewhat supportive of my theory. However in them making the distributor look like the one giving the price cut it makes it look all the more like the distributor is trying to liquidate stock. Had Sony officially announced this themselves it could be argued there was something more to the decision. Either way its all speculation, but given Sony's PR track record I see no problem in my thoughts.

What's that got to do with losing face?

 

Kotaku has a report from both Best Buy and Target that the PS3 will be $499.99.  It's now Sunday, and both BBY.com and Amazon still have it for $599.99.

The drop is next Sunday, the 15th, not today.