Oh I agree, a similar price cut for the PS3 will help it more in Europe than the 360s did, but there is no blanket "mass market price" that applies to all products, the sales still come down to how much the customers are willing to pay for the item.

The Wii at launch could have been priced $350-400 and still been mass-market priced, It's about now it has reached relative price parity in Japan and Europe... and will likely stay that way for another year at least. (In America it could still be priced $300 and sell the same)

The PS3s mass market price at the moment I would guess is maybe $50 - 100 less than it is currently priced (had the 60G and 20G models remained that price would be higher, but then Sony couldn't have reduced the cost as much, so it's a balancing game)

ok where did you hear the PS3 will get down to 299 euro?

 He said once it does.

^ how dose he know that its going to lol. Or is he just assuming this?

 Well in the future it will probaly get a price cut.

LOL alright so its just assumming

I think you're right, this could have damaged it even more: everybody could forgive more flaws in the first units produced, particularly if the warranty is good and no harm is done to users and their wallets. But tweaking the project several times, promising every time the problem is solved once and for all, and still the problem was there until now, with almost 20 million vulnerable units produced, this tainted XB360's reputation more than the initial problem. And right now, there's still a chance that resellers still have some faulty units to get rid of, this damages XB sales a little bit more too.

You think it will stay the same price forever? Just think about this one. Think hard.

^He could be wrong though, blazinhead stated "it gets to 299 euro". He didn't say 'when it's below 299'