PS3 price cut will stick, says industry analyst

Adding a negligible amount of fuel to a fire which should probably just burn out already, industry analyst Michael Pachter predicts that the 80GB PS3 will drop in price to $499 once the remaining stocks of the 60GB version have sold through. Of course, Sony has flip-flopped so much on this issue that it's hard to take this sort of "news" with anything other than a massive grain of salt. Regardless, according to Mr. Pachter, "the Sony entry level price of USD 499 is here to stay." So frugal PS3 fans, take heart... or don't take heart. Honestly, it's just really tough to say right now.