Actually Sony raised the PS3 price in Asia last year. I wouldn't be surprised if when SCEE next cut the price of PS3 in Europe that UK goes without one.

Current PS3 price:

UK: £300 (€324)
EU: €400

didnt know that, thanks for the information :)

i have a Wii already, thankfully, shite is gonna mean games go up as well, theyre not cheap as it is, im not made of money

From what I've heard, gaming won't be your only worry. Because the sterling is in free fall, a lot of electronics exporters are raising their prices, not just Nintendo. Found this posted at NeoGAF:

It's without any sarcasm that I say that I feel for you, man. It blows to be at the mercy of forces beyond your influence. Hopefully, this trickles down to the consumer as little as possible.

^damn it, i really hope that the government's plans here work, i cant afford to pay £50 or £60 for new games, £40 is hard enough to find sometimes

What this should tell you is that Nintendo's overall goal is, and always has been, about making money. Nintendo doesn't care about market share, or raw unit sales numbers, or how many games they have rated highly on Metacritic. They simply want to make money, and they evidently felt that the depreciation of the pound was slashing their profit margins to unaccceptable levels. It's definitely a bit risky though, because of the negative PR effect. (Although to be fair, most of the people who are "outraged" are fans of other consoles, who probably wouldn't be buying Wiis anyway...)

The freefall of the pound is great for me, an American living overseas in London right now. I'm getting almost $1.30 to the pound in official credit transactions; two years ago when I was here, it was $2.20. A lot of companies haven't adjusted their pricing yet either, meaning you can get some stuff way under cost by paying in pounds. It's absolutely TERRIBLE for anyone who actually resides permanently in the UK though, and gets their income in pounds. Sorry folks, I feel your pain.

lol that is funny and true. im starting to think even if the ps3 was £150, the wii would still outsell it! you know what i would like to see? all consoles the same price for 1 week! what would the sales be?

i hope sony aint dumb enough to do that! when they cut the price ( i wonder when the fuck that will be) they should do a worldwide price cut. like how microsoft did last year.

I'm not British, but i'm sure the thought of switching to the euro makes any Brit reading this sick. Hell it kinda makes me sick.

actually i dont really mind the euro, it makes sense to have one european currency imo, no need for all that exchange rate stuff, makes money easier to understand when you go to europe