We figured it was just a rumor, but Sony just got back to us and they’ve denied all rumors surrounding a price drop on the PS3.

“As we have stated previously, we do not have plans for a PS3 price drop, and any rumors to that effect are false and are the result of
speculation. SCEA remains focused on the long-term momentum of PS3. With the industry’s best software lineup this year, combined with our most aggressive marketing campaign to date, we remain confident in our approach and the value we’re delivering with PS3.” Al De Leon, PR Manager, Sony Computer Entertainment America.