If Sony does indeed announce the PlayStation 4 this week, nobody will be all that shocked to see a price drop for the PS3 soon after. It's only logical.
And according to what Wedbush Morgan analyst Michael Pachter told GamesIndustry International , the PS3 Slim will receive a…um…slimmer price next week.
When asked when we should expect a PS3 price cut, Pachter first replied- "February 21," which is of course the day after the special PlayStation Meeting, during which the new PlayStation is expected to be revealed. In a second note, Pachter said the PS3 will fall to $199, and Microsoft will likely drop the Xbox 360 to that same price by the start of E3. There's no knowing when exactly the PS3 will fall in cost, but it's basically inevitable that it'll drop when the PS4 hits store shelves. Don't forget that the PS2 sold extremely well after falling to that sweet $199 price point; PS3 sales could surge as well.
You might also start seeing some fresh bundles for the taking; there's already the upcoming Legacy Bundle for God of War: Ascension , for example. Gotta love that Garnet Red PS3.