I read about the Playstation 3 reporting that they are cutting the cost of the 60 GB unit down $100 to $499. In my opinion, it is not enough of a cut if they really want people to start buying massive amounts of these systems. The price is still to high. The graphics are a bit better than the PS2 but I’m not too sure it’s worth forking out $500 for.  There aren’t enough games out yet either.  I’m not sure why Sony chose the strategy of selling less consoles at a higher price. Look at how well the wii has done. Certainly the graphics and game play isn’t as good as PS3 or Xbox 360. I personal don’t like using the wand for the Wii. I think it’s pretty lame. But it’s a reasonable price.

Bottom line, the prices for the PS3 and Xbox 360 are just still too high. The prices have doubled from the last systems but I don’t think the quality has.