MAXCONSOLE - Playstation 3 - Analyst: PS3 price cut within a year:

“The PS3 can command £425 from the hardcore and I think you’ll see price cuts a year from now, probably to £300.” He was also confident that PS3 would be a complete sell-out, and deliver the kind of next-generation power that Sony has promised. “I think that games like Gears of War on the 360 look every bit as good, but given that PS3 game development was rushed, I fully expect next year’s games to look better on the PS3.”