PS3 A Sinking Ship?

Sony’s PS3 A Sinking Ship: Sales Plummet.

Ouch.  I’ve had a Sony console for the past few generations, and I own a PSP now.  But like this article states, the PS3, at 400 bucks, is a long ways away from coming to my house.

There’s really only one option left for Sony to remain in the game: deep price cuts, and not just for people with good credit. Tell yourself the PS3 has superior graphics if it makes you feel better, but a $400 console with a mediocre game library simply cannot compete against an Xbox 360 priced at $200 in this economy.