I just don't see how the PS3 can catch the 360 (much less the Wii). Any price cut the PS3 can be matched by Microsoft and Nintendo, and I don't get where some people are getting this $300 as the magical number-- I must have missed something. I certaintly don't know many people who say 'man, that PS3 is a rip-off at $400, but at $300 it is an absolute steal!'
Also, lets look at the numbers: Pachter predicted that the PS3 will somehow overtake the 360 by 2015 (actually, I think he said 2011 in his report, but I like 2015-- gives a longer period of time). Fine, but to do that the PS3 has to start outselling the 360 by over 25,500 units per week (8,000,000units/6 years/52 weeks) starting this week until this week in 2015 to tie with the 360. To tie with the Wii in the same period of time would require the PS3 to sell about 90,500 units over the Wii per week (28,260,000units/6 years/52 weeks).