If a price cut is happening for PS3 it will be announced at Gamecom next week during the Sony press conference, I'm expecting $50.
The PS3 is just not the go to HD console in NA, it's really that simple. Been a baaaaaad generation for Sony, mistakes were made and they have been paying for it since the day PS3 released. As someone that has no idea how Sony works it will be interesting to see how big the price but is, do they want a jump in marketshare by cutting the price by $50-$100 or do they want the hardware to remain profitable? Guess it depends on what they think the jump in software sales will be if they cut price.
It's sad that first party Sony titles have sold so poorly, of the top ten games I've enjoyed on PS3 at least half have got to have been developed by Sony. The rest are FIFA and COD games.