It's true that the 60 GB PS3 model had its price cut. But the PS3 itself didn't.
Where is the 20 GB model? A real PS3 price cut strategy would reintroduce that model @ $400. Then Sony would finally be able to say that they have a PS3 under $500.
The reason they didn't do that is obvious - they would lose too much money. Sony no longer has the financial ability to fight this console war properly!
PS: Don't tell me about how noone wanted the 20 GB model. That could well change if its price was $400.
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