Eidos believes in PS3, wants price cut

Eidos Chairman Tim Ryan believes the PS3 will live up to its potential. He said so in a written statement that was presented to Eidos' parent company SCi recently, but Ryan, along with many others, thinks Sony must drop the PS3's price before it can be all it can be.

"The board continues to believe in the long-term commercial success of PlayStation 3 but believes this may take more time than originally forecast by Sony," he wrote. "The board is of the opinion that the key driver to the acceleration of the installed base of PlayStation 3 will be a further hardware price cut."

We're not sure if Ryan got the memo, but Sony has plans to release a more wallet-friendly PS3 in the coming months. But could Ryan be mudslinging to redirect some of the blame he and his company is receiving after reporting a $60 million fiscal year loss? Ouch!