PSXextreme: So now that the PS3 Slim and long-awaited price cut has been confirmed, we figured the analysts would weigh in with their thoughts.
The first to do so is Jesse Divnich at Electronic Entertainment Design and Research (EEDAR), and he says this new price point "finally makes the Sony console a much more competitive product," although he doesn't believe this will necessarily cause a sudden hardware shift in favor of the PS3. He does, however, see the PS3 competing far more favorably with the Xbox 360 now, and it can even compete with the Wii (priced at $249), as some consumers may have to make a tough decision between outdated hardware and a console that continues to be on the rise and features a built-in Blu-Ray player. EEDAR does expect Microsoft to announce the elimination of the Xbox 360 Pro SKU and the drop of the Elite SKU down to $299. However, Divnich sees this particular price drop as follows:
"However, we just consider this a pseudo price drop. It is no different from Lexus introducing their 2010 models at the 2009 prices and clearing out their 2009 inventories. Sure, there is a better value, in comparison to the 2009 models, but a consumer still needs to be in the market for a luxury car to reap the benefits."