That's my prediction in my game column that ran on Saturday.

But don't take my word for it. Here's what superstar analyst Michael Pachter had to say in his monthly video game sales report sent out earlier today:

We continue to expect higher average console prices to be an impediment to rapid sell-through of hardware, and we expect cycle-to-cycle declines of 10% or more for hardware sales to persist through the end of summer 2007. It is possible that Sony’s cost of production for the PS3 has declined to the point that the company may consider a hardware price cut some time this summer, and we may see a price cut for the PS2 and Xbox 360 before the holidays.

See? The analyst agrees with me.