Yeah, I agree with that comment, KDR.
I guess anything is possible if Sony keeps having all this trouble. It also depends on how you define price cut. I wouldn't be that surprised if they phased on the 60 GB model and dropped the 80GB model to $500, minus Motorstorm, because I really doubt the 80GB model costs much more to produce (if it costs more at all).
Realistically, though, I expect the current price cut to have a strong enough positive effect this month to cool people down a bit, and then Sony will squeak by through the holiday season with "strong enough", but still relatively weak, sales. I wouldn't be surprised to see another price cut early next year, though.