I’ve been reading on several IT forums, websites and blogs that Sony will be reducing the price of the PS3 to $300.00 for the 80 gig multi-functional gaming console. This likely means 1 of two things. Sony is feeling the pinch to their bottom line with the current recession or they are in development of the PS4 and want to start unloading old stock and components. This is a common practice and usually when you see drastic price drops you’ll start seeing advertisements for a new product within a year. Let’s hope that scenarios are right because the PS3 is a great performer so for those who don’t have one you should wait until April, when prices are expected to be slashed. Also, a new and improved Playstation would be nice for us old time users of the PS3!