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no the PS3's lowest price point has not changed.

==> WRONG,
the 20gb was a not full PS3 version that laked a lot of things compared to the 60GB version. It was not a complete PS3 version.
At the oppposite the PS3 60GB is only laking 20 little GB compared to the 80GB version. So it is definively the same console that u can get for 500$ , that is cheaper than the 600$ u were paying in the past = price drop
I dont even metion that the 20GB model was stopped some month ago because people were NOT buying it since it was not a COMPLETE PS3.

I add this from Bodsatva that saied it better than me :

"I think Sony's decision to make the 599 version a "limited edition" was a very smart move. Even to the casual consumer, this screams "This is optional, you don't have to buy the new 80GB limited version." Even if the 80GB model does take over eventually, for now I think even uninformed consumers will understand that the 599 version doesn't contain essential components that the 499 version does not (that's always a nagging concern -- I'm sure you've purchased items that have multiple SKUs in markets you no little about, and wondered "why is this one cheaper?"



Time to Work !