Sony cuts price on PS3--is it enough?
With the XBox 360's reliability problems, is $400 the magic price point for the PS3--and its built-in Blu-ray player?
Way back on September 12, we reported on rumors that Sony would be releasing afor the holidays. The not-so-secret new system has now been officially announced by Sony, with a November 2nd launch date in the North America. At the same time--effective immediately--the current 80GB model will be available in North America for $500.
In Sony's press release, CEO Jack Tretton is quoted as saying, "We're pleased to offer the consumer a lower price point without sacrificing the core technology components that make PS3 the most advanced high-definition entertainment system available. Every PS3 comes with a Blu-ray drive, HDMI output, an integrated Wi-Fi connection, Cell Broadband Engine and a built-in hard-drive." As previously reported, however, the new 40GB PS3 won't offer any form of backward capability with PS2 games. (Read John Falcone's earlier post for a).
As I've said before, if Sony hoped to compete with the XBox 360 and Wii during the holiday season, it had to hit the $400 price point. Some readers scoffed that the inclusion of the Spider-Man 3 Blu-ray wasn't exactly a big selling point, considering the movie sucked. Also weighing heavily on Sony is the lack of a true breakout (exclusive) title that gives fence-sitters a little more sense of urgency to buy the system.
What do you think? With the XBox 360's reliability problems, is $400 the magic price point for the PS3 and its built-in Blu-ray player? Or are the games what matter in the end (i.e., Halo 3, BioShock, and the upcoming Mass Effect)?