And they pay this guy to say this? Wedbush Morgan Securities analyst Michael Pachter has really gone out on a limb and predicted that Sony will cut the price of its entry level PS3 to $299 in April. This would come ahead of E3, and would likely be answered by a $249 Xbox 360 Pro package from Microsoft. No word on whether Nintendo plans to join the fray — but my bets are they will not. There’s still a ton of demand for the thing, so why make less money on it when people are buying it at the current price anyways?

 
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