Well, from what little I have heard around here, this week's sales are doing well, but I would venture to guess that the first couple of week's sales after a price cut will be great, but not critical to a product's strength within its market. What is critical is what level the sales settle to after all of the impulse buyers peter out in 2-3 more weeks.

Secondly, the industry guru, pachter, says that the $499 price for the PS3 will soon count for the 80g model, after the current supply of 60g models is sold out.

http://www.gamesindustry.biz/content_page.php?aid=26751

The price cut has had little if any effect here in Georgia

I fully understand your desire to know about the effect of the price cut on sales of the PS3, however, I would think it is safe to say that not many of the statements made on this topic on ANY forum website would likely be true. I was in my local Game Crazy yesterday with my buddy who is about to buy a PS3. I asked the clerk if they had sold any more ps3's since the drop. He said "Not a single one...'. He was being serious, and I was like "Riiiiight" spoken like Dr. Evil. Seriously, the friend I was with wasn't going to touch the PS3 at $599 and now he can hardly wait to get his (waiting for a paycheck).

I hit up 4 VG stores yesterday (looking for a copy of Battalion Wars, which I can't seem to find >_

My EB said that they had sold 2 PS3s since the price cut.

I went to the mall near my job, they have an EB Games there.

I asked about PS3 sales since the price drop. The attendant kinda laughed, and said it hasn't changed a thing, sales were still slow in their store.

He went on to tell me that the 20gb at $500 barely sold, and that when the 80gb arrives at $599, it'll be the same situation.

On a side note, I have a feeling the numbers ioi will have for last week probably won't be representative. If I was a guessing man, I'd say the majority of PS3's sales were online-based because of the deals of free controllers and free blu-ray remotes, and also promoting the 5 free Blu-ray movies. I think online sales aren't exactly easy to keep track of, but I could be wrong.

Well, it's important to note that Circuit City and Amazon both have sales going on on top of the 499 price cut, and on top of the 5 free Blu-Ray deal, so depending where on who you ask, you may get startingly different responses.