Despite prominent industry figures clamouring for a PlayStation 3 price cut, amid intense competition from the Xbox 360 and a stormy economic outlook, Sony has dismissed chatter that the console could be reduced this festive season.

"As previously discussed we aren’t making any price moves this holiday season. In my opinion, we have the best line up of any PlayStation generation going into this holiday and consumers will be very receptive to it," Sony Computer Entertainment America exec Patrick Seybold told Edge.

"With PS3 titles for this including Resistance 2, LittleBigPlanet, SOCOM, MotorStorm: Pacific Rift to name but a few of our multiple exclusives, combined with PlayStation Home and increasing multimedia features for the hardware, we expect to have continued momentum going into and beyond this holiday season."

What do you think of this, players? Is the PS3 too pricey?

By Luke Guttridge

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