I've heard the exact opposite. Additionally, the numbers are saying that Sony cannot afford a price cut (Due to them apparently taking much of the blow with free internet, adding blue ray which is more expensive in any other system (IE: PC), etc.)... Furthermore, people are just assuming the price cut as the PS2 price cut happened a year and a half after release. I cannot remember why it price cutted, but there was a competitive reason for it.
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Sony already cut as much as they could as far as I can assume and have read. Speculation is that it won't atleast price cut until around Q2-Q3 2008 or even as late as Q1 2009.
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