I believe there has already been a price cut for the PSP. There is a special one in the UK they are selling for 99 pounds, and in the USA you can get a basic model for about $130. Both are reasonably priced I think, and most of the PSONe classics are going for about $3.99/5.99 which aren't bad. Once the VITA comes out in February, they might have a sale to clear out the rest of the PSP inventory, but I don't think it will go any lower than it will now. However, you will probably be able to get some cheap for pre-owned prices when everybody trades there stuff in for the VITA. Might be able to get one for about $80 then.