GameStop Drops PS3 Price Down To $200

GameStop has independently dropped the price of the 160GB PlayStation 3 model down to $200 from the going $250 retail price. Is this a sign of a new PlayStation console coming our way with E3 fast approaching, or just a simple promotion to clear out loads of unsold inventory? One things for sure though, that's a great deal if you're in the market for a Blu-ray and gaming powerhouse. It isn't clear for how long GameSpot plans to run its promotion, but at least for now no other major retailers joined the party.