MS's Peter Moore on the PS3 price cut

[NJ5]

http://www.gwn.com/news/story.php/id/13505/Peter_Moore_On_PS3_Price_Cut.html

""They've added greater value at the same prices. Which to me is not a price cut. I don't want to be anal, but I read "price cut" and I expected to see USD 399," he added. "When I hear the words "price cut" I expect to see a price cut."

I for one, agree with him. This is not just a matter of semantics, it's logical:

The 60 GB PS3 got a price cut, that's for sure. But if we look at the PS3 as a whole, the minimum price at which you can get it it's still $499, exactly the same as when it was launched.