PlayStation 3 price dropping to $299

Sony folds; PS3 just got a lot cheaper

Sony has announced that current PlayStation 3 models will now drop their 400 dollar price tag to a measly $299. Best part? The price cut goes into effect pronto. Hope you didn't buy a console earlier this month!

Seems like the Wii's price tag of $250 is looking a bit high compared to Sony's HD gaming and blu-ray powerhouse. This puts Nintendo in an interesting position. If a Wii HD is around the corner, I can't imagine it could go above a $299 price tag with today's news. I bet Sony's news caused Nintendo some ass sweat.
Joystiq