Would a price cut help the PS3?

Obviously the PS3's price will drop, but when?

If they announce it at this E3, systems wars and fanboy's a like will have a hay-day of Sony admitting that they screwed up so to speak. But Joe Schmo in Wal-mart will see that the PS3 may only be slightly more or equal to the 360's price, and they get the Playstation name that they are familiar with.

$500 wont make a difference. The PS3 was already at that point and didnt sell. It needs to get to $400 to make a dent.Carmilla31

Yeah, it will make a difference. A price change always does. The $500 one wasn't mass produced either way.

$500 wont make a difference. The PS3 was already at that point and didnt sell. It needs to get to $400 to make a dent.Carmilla31

Because buyers wanted the $600 version mainly. I know a lot of people that will buy a PS3 as soon as it drops the price

Confirmed, we will see a $250 price cut. Sony really needs to get these PS3s out there with more software on the way. Take the losses in hardware and get back in the green with the software and peripherals!