Now that Sony has a good supply of Blu-Ray diodes but now those same diodes might cost less. All the way down to $8 each. Now that the part’s price has been cut can we expect a PS3 price cut?

Maybe, as Wedbush Morgan’s Michael Pachter says, Sony is “definitely in a position to cut prices.” He continued on to say, “God knows whether they will, but lower costs usually lead to lower prices. The right question to ask is whether the full bill of materials is below US$ 499, allowing them to cut price and still avoid losing money. I’m not competent to answer whether it is, but I am competent to say that when cost is below US$ 499, we should look for a cut to that level.”

I sure hope for a cut too