The best sources for leaked information are those who slink out of the dark retail world to reveal and secret and then vanish without a trace. Just that type dropped a hint to Joystiq letting them know that around the 5th of April, the PS2 would see a price drop to $99.
This information supposedly came from Kmart's retail database (see the gallery for a screenshot). Kotaku also says that this price drop will be advertised in a catalog that will come out around the same time the markdown is supposed to happen. I wonder if this could have something to do with that announcement we heard Sony is supposed to be making soon?
At any rate, I have a PS2, but it's great to know if mine ever kicks the can that I could get one for that cheap. After all, it is one of my favorite systems of all time. Now, to wait and see if the rumor comes to fruition...
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Besides... My PS3 can play PS2 games.
This was a great maneuver to get people out there to pick up a 9 year old console Sony.
Or I could just shell out some cash and buy a BC PS3 off of ebay or Gamestop, like I did almost 2 years ago for less than what this and a PS3 would cost now.
Or buy a secondhand PS2 for $50.
Or buy an inexpensive current gen console.
But I'm sure Sony's going to sweep up all those lingering lost Xbox and Gamecube sales out there with this recent price cut.