PS3 $500?

CNN.com predicts $500 dollars for the PS3 whenever it rolls it. I think it will come out about November for a retail of $299.99. The reason is simple, Sony is hurting. The PSP is not performing up to expectations, PS2 sales are sliding, and no killer game in the horizon. Also, MS is on very shaky ground in Japan but they have a year to solidify their hold. Simply put, if those execs want yearly bonuses, they got to come out the gate running and give Nintendo and MS a very very bloody nose. A competitive price point is the way to do it.