So the PS3 may now get a nice little price cut. Good for consumers, bad for Sony. They were already losing a ton of money on the PS3 and now they’ll lose even more.

Losing money, plus production delays (now Europe won’t see the PS3 until March) and fierce competition from the Xbox 360 and the Nintendo Wii. Sony just seems to have completely bungled the launch of the PS and it will likely cost them market share.