Activision is also threatening to stop supporting PS3 if there is no price drop. They say that PS3's install base won't grow as well as other consoles due to the current price hurdle.
Blu-Ray Player prices are also going to drop. I'm wondering if Sony is going to drop the price once other BD players drop in price.
I'd say based on all this pressure from the press, we are going to see a cheaper PS3 by the end of the year. And I'm pretty sure it would be a decision Sony didn't originally want.