Sony has been denying price cuts for months now and they’ve even gone as far as pissing off certain publishing companies by refusing to cut their prices. Well it seems as though they have finally come to their senses and decided it’s time to cut prices again. Rumor has it that the price of the 160GB Playstation 3 will be priced at only $400 now, that’s a $100 price cut making this a much more affordable option for a Blue Ray player and gaming system combination.
The ad that the price cut is rumored to have started in was for September 8th. This probably means that Sony is going to officially announce the price cut at GamesCom. This is probably as close to a confirmation as you’ll get before GamesCom. At the very least, I’d avoid purchasing a Playstation 3 or Blue Ray player until September 8th at least. Give the price cut a chance to happen and you might just end up saving a bunch of money. If worse comes to worse, you can always make your purchases after a disproved rumor becomes exposed. Personally, I think the price cut is happening and it was well needed.