No PS2 Price Drop

At today's Playstation Conference, Ken Kutaragi has stated that there will be no price drop for the Playstation 2 in the foreseeable future. Citing that the system's distribution is already wide enough in Sony's target regions and that it continues to sell well at its current price, the company sees no reason to reduce the price beyond $149 at this time. Considering the recent announcements of top-quality PS2 games into 2007, Sony seems to have faith that the console's popularity won't die out anytime soon.