I have to disagree about Shadow of the Colossus. I thought the high concept stuff would be right up my alley. However, after beating the first 4 colossi, for me it's nothing more than a tech demo. You beat each boss the same way. There is very, very little story. I'm not sure I'm going to play any more of it even, I just don't see the point.
Anyway, back on topic. I think the PS3 price drop is too little, too late. If the 360 didn't have so many hardware failures (the reason I'm not buying one) then it would have trounced the PS3 beyond recovery at this point. Still, this is a move Sony had to take to stay alive this gen so good to see they're applying some common sense.
All I have this generation is a Wii actually. (Which I'm not very enamoured of...) I look at PS3/360 games, and 80% of them are out for PC. I already have a decent PC that will play those titles at much higher settings than the 360 or PS3 can technically achieve. The PC versions of the same game which again, are technically superior, are usually $10-$20 cheaper than their console version.
So, I really want to want a PS3, but I just don't. I have enough PS2 and PSP games to keep me busy for years...