Will they or won't they, the old saw familiar as death and taxes. The PlayStation 3 costs $400 in a U.S. retail economy that's still plummeting as unemployment pushes past 8.1 percent. Not an enviable position to be in, especially not when your competition (Nintendo as much as Microsoft, whatever the executive bigwigs claim) is priced so dramatically below you.
The internal business cosmology of economic indices that ultimately dictate when Sony drops the PS3's price - and by how much - are impossible to estimate in a planning capacity. At some point Sony's manufacturing costs will drop sufficiently and the internal bean counter fiscal financial minimums will align with some executive's "tolerable losses" formula, thus setting the cogs and wheels cranking on a price "event" announcement.