As reported on Kotaku, Sony president Ryoji Chubachi has said they will "not rule out the possibility of lowering the price" of the PS3.

Rumors abound of price cuts but there has been lots of back and forward from Sony in regards to if it will really happen.

This is the second time the ‘big guy’ has hinted that a cut may happen, but yet other Sony spokespeople are still denying the concept at all. What do you guys think – will the price cut happen, and if so, when..?

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