Not sure if this was posted yet but I just read that there could be potential price cut again for PS3.  If true, I'm gonna jump on a $399 80gig with motorstorm :)

http://gamesnews.virgin.net/Virgin/Lifestyle/Games/virginGamesNewsDetail/0,13470,2714640_technology,00.html

Sony sale hints at PS3 price cut?

Reports of Sony Corp. intentions to sell approximately $2.9 billion of shares in the company's insurance division, Sony Financial Holdings Inc., have become apparent, amidst increased speculation that the capital will be poured into the flagging PlayStation3.

Believed to be the largest initial public offering in Japan this year, the move comes after a turbulent recent time for world stock markets and could lead to a PlayStation3 price reduction to re-ignite interest in the third-placed format.

Speaking to Bloomberg, Mitsuhiro Osawa, a Tokyo-based analyst at Mizuho Investors Securities Co, claimed, "Sony could use the funds for various options to strengthen its electronics and game businesses," before concluding, "A cut in the price of the PlayStation 3 is one option."

Whilst a serious PS3 price reduction would undoubtedly help the console's position, it's unlikely Sony would jump into the action, and they would have to tread carefully to avoid upsetting the four million PS3 owners.

Euro and Japan sure, not North America.

Well, they probably mean the $499 80gig with motorstorm (after 60gig runs out) as the price cut for N.A.

Not for a while in NA, but they may reduce the starter pack to £400 here in the UK, that would certainly help them a little...

I think that they need to get rid of the rest of the 60g models in NA so that the 80g model will be all that sony has to worry about. Keep in mind that Sony is about to come out with that Digital Recording stuff like the Tivo as well as their downloading service so it would be nice to have more memory in actual *use*

This might be what they do for a while. Sony wants to price cut badly, they just can't afford to do it. Anyone who suggests they could afford to do it is dillusional -- look at what they just did to support their entertainment division.

When costs come down for the PS3 enough, there will be more price cuts. But for the now, Sony cannot afford it.

80GB would be almost useless as an HD DVR.  I have about 750 GB in my HD DVR right now and I'd still like a lot more. 

well, that's why they were talking about the $2.9billion. They mention price cut option because they 'could' use the $2.9 billion to subsidize the losses incurred by the gaming division. Not saying they will, but we'll just have to wait and see how they wanna use up that money.

I don't think shareholders would be too happy dumping another $3 billion into a potential black hole.

Oh I finally found the PS3 price cut thread (PS3 price cut at TGS). Mods, I think we can lock this one. Funny how when I did forum search for "PS3 price cut", that didnt' show up.  (it's very difficult for me to go around this site recently cuz every page i click, my mcafee keeps popping blocking messages of script.exe trojan virus).

But i'd be happy to get a 300 some dollar PS3. :)