At last the Xbox came out, so naturally Sony has cut PlayStation 2 prices. Hooray! :) I don't agree with this statement though -
"If Sony goes to $199, it will show that they're really, really concerned about Microsoft," P.J. McNealy, research director at GardnerG2, said last week. Personally I think it shows a desire to blow Xbox out of the water like the overhyped piece of crap it is. It's not fear of the competitor, it's Sony's way of saying "fuck you, upstart" to Micro$oft :)
Slashdot has further links regarding the brewing console price war, now there are three major players (PS2, Xbox, Gamecube).