In a recent interview with Game Informer, SCEA head Jack Tretton denied any upcoming price cuts for the PS3. The increased investment in research and hardware make the console "a lot more difficult to cost reduce than the PS2". Tretton further reinstated his point by saying that "there’s a heck of a lot more under the hood and it costs us more money to make it." All in all, guess this means no PS3 price cut for awhile..

Read more: Tretton Says PS3 Shortages Are “Conceivable”, PS3 80GB Dropping To $400 In September, Will Replace 40GB, PS3 gets unofficial price cut in the UK, Pachter: $499 PS3 Not Going Anywhere, Backwards Compatibility Loss Explained