If you want one, I say go ahead and get one. Is it worth saving $50 to miss out on some great gaming experiences right now? Not to me, it isn't. Buy one and don't look back. There's ALWAYS a price drop in the future. If you keep waiting on one, you'll never commit to buying any console.

I'm sure you'll do what's right for you, but I'd just like to throw in my thought process on this sort of dilemma: The longer you wait for the console's price to drop, the more likely the prices for existing games in its library will drop as well.

Personally, I'd wait it out. But, then again, I'm a cheap bastard.

I would wait. Pretty sure Sony will drop the price at least 50$. But then is 50$ worth for you to wait more months? If you already have another console to keep you company, then perhaps yes, otherwise you should jump on the bandwagon : P

wELCOME! Add me as a friend on PSN :D

Just get one now. I bought my 360 at $350 and a couple weeks later it dropped to $300. It sucked but I got over it.