With the revelation of the PS3 Slim and its accompanying price cut, it looks like things are really on the up and up for Sony. It seems that things are so up that many consumers may have difficulty finding a PS3 on the shelves. According to Stern Agee analyst Arvind Bhatia -- as reported on IndustryGamers -- strong "pent-up" demand may lead to PS3 shortages by the end of September. Furthermore, he expects that September sales of the console may climb as much as 75 percent over last year, possibly more if supplies hold up.

Finally, Bhatia noted that strong PS3 sales could affect sales of the 360 as well. The reason, according to Bhatia, is that the 360 Arcade SKU maintained its $199 price while the Elite price drop really amounted to no more than a replacement of the Pro tier. Joystiq would be remiss not to point out that the Elite bundle even received a few downgrades in the process.

Looks like Jack Tretton may have made that $1200 bet two and a half years too soon.

This article was originally published on Joystiq.