Dropping the PS3 Price

Like me, a lot of people have been wondering when will the PS3 price begin to fall. We all know the price of electronics begins to taper off after the technology is a couple years old. The PS3 has already been released for more than a couple of years; plus the crappy economy should jolt something at Sony. However the price still stands strong as it appears it will always be. I think the only thing that will change the price is competition. If Microsoft or another competitor releases a similar model with a cheaper price tag will begin to see Sony drop the price just to compete.