Europe is even more expensive than Australia

Lol.

I have a job. And I HAVE the money to buy these two consoles.

The price is just too high to justify it. In the first instance because I love my friend, but not $700 worth of love.

In the second instance, when you already have a Wii and Xbox 360 and not enough time for either, how do you justify a PS3?

i also have a wii and 360, and with little time i have to play games due to work commitments, the choice is simple i use ps3 most, its had the best games so far this year and will certainly end up with having the best games this year. the same will be rinsed and repeated into next year

I'm saying they should have paid them, my dear Million. Paid them those oh so hard earned temporary short term profits....like Microsoft. Cut Killzone 2, if you have to. There is all the money you need to secure GTA and FF as exclusives for at least a year each. Then, it's still related to your console. Square-Enix is obviously open to temporary exclusivity. They've given Sony Verses, probably for free, just so people don't realize the moneyhat MS laid in front of them. Verses, along with Star Ocean, will likely be a timed exclusive, as I'm sure you know, but probably wouldn't admit. Like you said, nobody is giving exclusivity away for free. This isn't the PS2 era. Sony doesn't have the money or the marketing position to levy for free exclusivity, they might never have it again.

Either way, there is no argument about the price cut. It's directly related to coasting. "It could give us a competitive advantage, but our first duty is to this quarters earnings report, not the console war, or competing, or anything. Despite this being the ideal time to cut our price and overtake the 360 easily, we give them breathing room."

Read the quote again. The one I posted from the Sony exec, and tell me they are putting competition ahead of short term profits.

The very definition of coasting is: Putting short term profits ahead of competition.

What many people fail to understand is how much say shareholders have over a public company. There is no one out there who wishes to invest millions and then start losing them. The PS3 is making a loss with every unit they sell due to production costs, the shareholders are losing money with every unit sold. If they drop the price, Sony will lose even more money, thus the shareholders will lose more money. At the same time they can't afford to let the competition slip too far ahead before production costs are lowered and a price cut is issued.

However, the competition (360) is not doing great given it has just dropped price below the Wii. It is only out selling PS3 by 25/30,000 units given its next to nothing price. 

Sony are just being patient. They are selling now even at £300 and next year, when costs are lowered, they can afford to drop the price, keep their fans as well as shareholders happy. 

We must understand, there is only so much loss a company can take before it starts to take hits. Sony lost out on important I.P's due to their losses. If they would take any more losses then they may even start losing some of their Teams. Considering the way most games are going multi platform, Sony has has done better thinking of the long term and securing their teams instead of having to pay someone (where MS could if they wanted offer more money) who may or may not be with them next time around.

The only real loss they have made is Tekken and FFXIII. However, they still have WKC and several other games that have replaced the IP's they have lost. It is not a big a deal as people make it out to be. What they need to do now is work on a Fighting game within their own studio so they won't have the need of relying on Tekken.

Well, with the weak A$ PS3 is about the same price in Australia as it is in USA.

PS3 AU = A$636 + 10% Tax = US$409 +Tax
PS3 US = US$400 + Tax

With Australian PS3 being bundled with LBP it's actually a better deal in AU.

My opening paragraph is only a smidget of the overall argument Zeny poo :).

Buy yourself a PS3.
Get some girl you know is easy and put 50 dollars of booze in her, get your friend laid. Problem solved and we will see you on PSN enjoying gaming.

Lol great idea.

ZenfoldorVGI, I would say Sony are holding out against MS making this cycle much shorter than it should be. With the dodgy hardware and the 360 at an exit price i would guess that the nextbox will be out end 09 mid 2010. That's close to half the time Sony had hoped to have the PS3 on the market before the next cycle.
Starcraft, you are a card, lol. now go and get your friend the 360 like you were planning.