GamesIndustry.biz is today reporting on some speculation by analysts, apparently we can expect a PS3 price cut this coming April with the possibility of an Xbox 360 cut to follow that, all of which might well ward off difficulties brought by the uncertain economic climate. I wouldn't be surprised.

"We think that concerns about weakening consumer demand for videogames are overblown," he said in a note to investors. "In our view, the best indicator of future demand is hardware unit sell-through, and we expect a robust 9.15 million hardware units sold in December, up 13 per cent year-over-year. For the year, we expect total U.S. console and handheld hardware sales of 35.15 million units, up 17.4 per cent year-over-year.

"This bodes well for continued software sales growth, as a large installed base of hardware households is likely to continue purchasing some software, while new console households are likely to buy software to accompany their hardware purchases."