Sony announced yesterday that they will be again reducing the price of the PlayStation 2 as the impending release of its successor draws ever closer. If you tend to wait to buy new things, it's paid off, and even as Sony preps for the PS3 launch they claim they are staying committed to the PS2 as well, and will not abandon support for it.

"While we continue to innovate and design groundbreaking new products, we remain dedicated to our long-term vision for the PlayStation 2 platform," said Kaz Hirai, president and chief executive of Sony Computer Entertainment America, in a statement.
Soon, you'll be able to pick up a PS2 for only $129, which is relatively cheap in today's console terms, and it's likely that the price may drop even further after the PS3 hits the shelves and people largely turn towards that.