Wow, this is a super price cut indeed! I'm glad Nintendo has finally come to their senses and will be resolving one of problems for the 3ds. I've been happy with my 3ds especially since more games have been releasing lately (I bought One Piece, Zelda and Tales of the Abyss in the past 1-2 months), but for others the price has been a real breaker. With even more games releasing and this price cut alongside it, the 3ds is sure to pick up some steam. (Plus they didn't shaft all the early adopters by giving us some free games!)
The price of the 3ds will now be cheaper than the PSP! 3ds will be 15,000 yen and the PSP's price is 16,800 yen. Not to mention what the Vita's price will be once it releases. A 10,000 yen price differential will be huge. Sony looked like geniuses when they announced Vita at the same price point as the 3ds, but now...