Big News! Sony has dropped the cost of the PlayStation 3 to $299!
Bigger News! Sony just announced the PS3 Slim officially, at a cost of $299! (Read more HERE). It will be out the first week in September.
In other words, it will soon be the right time to finally buy a PS3. Just don't buy one just yet, unless you're fine with outdated electronics which are 66% bigger than they need to be.
Frankly I was going to buy one anyway soon, with so many big games coming out in the next year ("DC Universe Online" and "Mod Nation Racers" should be enough alone), but this price means, definitively, Microsoft once again has competition to worry about.