Woah, what's going on here? The 160GB PS3 is currently listed for $199.99 at GameStop, a nice price that knocks off $50 from the standard. This could just be a really nice sale, or maybe a tease of things to come from Sony at E3. It's probably just a sale, as the price still stands at $249.99 at Best Buy, Amazon and others.
A price drop for PS3 would be fantastic, though even the low price of $200 wouldn't hold up against the rumored Xbox Lite, which some are saying would be a disc-less system priced for $99.
GameStop drops $50 from PS3 price [Joystiq]