[quote name='Maklershed']As you may or may not be aware, the 360 is all but confirmed to be getting a price drop soon, it's just a matter of when (E3?). So if/when the 360 price drop happens, should the PS3 get one as well? If so, when?[/QUOTE]Actually, 360 is only having a 20GB price drop to clear out the Premium, and release a 60GB SKU as their new Premium at $350. There's a thread about it at GAF (GAF is down so I can't get the link). Basically, they are doing what Sony did last year to clear out the 60GB consoles and replace them with 80GB ones. There were even retailers reported to have the 60GB coming in-stock at $350.
Will PS3 see a pricecut, who knows? Right now, with the way things have gone in the U.S., PS3 doesn't need the pricecut (It has outsold 360 or came very close in every NPD this year), the 360 needed it more here? The reason the PS3 might cut price is to continue selling comparatively to 360. The reasons PS3 won't cut price are Sony has already lost almost $3 billion on PS3 manufacturing costs (and the 40GB ALMOST breaks even at its current cost) and the weakening U.S. dollar (which actually makes Sony lose more money since the Yen/Euro/GBP is quite strong). And right now to an extent, but Sony's word, it seems like they rather break even (make profit) than increase sales continuing to lose (most of their loses came from the 20GB/60GB especially, which is why they discontinued them, even if it would hurt some sales).
Most likely it will get a pricecut in the Fall, but overall, I don't see Sony following through with a pricecut so quickly.
[quote name='v1et r1ce']I hope so. I already got one when BestBuy priced matched the $100 giftcard, but if it is cheaper, more of my friends can get one. I don't want to play SOCOM alone

[/QUOTE]You won't be playing SOCOM along. We have a pretty tight PSN Gaming Group at CAG and we are definitely play SOCOM (I might be the clan leader).