Read this Interview:

http://ps3.nowgamer.com/news/349/david-reeves-qampa

however the most interesting part is this:

We took our cuts in 2007 and 2008, we restructured and streamlined and we’re as lean as mean as we can be. I have seen no plans to cut jobs and it wouldn’t be productive to do so. Of course, we’re always looking at ways to reduce costs; replacing the current 65 nanometre Cell chip with a 45nm one probably in the middle of the year, reducing power consumption – so less heat shielding, less metal in the machine, peripheral components. We did the same with PS2 and it worked well.

So Pricecut right after E3 confirmed?

sorry for my bad english and discuss

price cut wont be announced at E3 it will kill sales it will come in Nov or Sept sony is going to stall it as long as they can so they won't loose much money

no ps3 price cut until mid year until ms goes first.. this depression is bad enough already..

All Sony has to do is cut the price around Christmas time.

I think it would be stupid to do it around summer.Announce the the drop,advertise it,and sales will sky-rocket.

ps3 price cut - the rumor that just won't die.

Q3 more likely.

here we go again!!

Just add this to the list of all the other PS3 "analysis":

PS3 will overtake 360 in (fill in either summer or holiday) of (fill in year).
(Fill in software of choice) is going to save the PS3.
(Fill in software of choice) looks better on PS3 than 360.
and now......PS3 price cut will happen in Q__ of this year.

It never ends. I think every year the PS3 has been out it was supposed to overtake the 360 by either the summer or winter of that year, and every AAA title that's come out for the PS3 was supposed to be the one that gave it a huge sales push. It never actually happens, but people sure love to say it's going to happen.

Hopefully they don't drop at all until mid-late next year.

I want Sony to focus on increasing the consoles value.

This video says it all.............