
The cut down price of the PSP is effective starting on February 27. Meanwhile the PSP Entertainment Packs, will be purchased for only $159.99. The said drop down price is only effective for PSP-3000 models. The later version or rather model of PSP which is the PSP Go will stick around at its usual $190 price level.
I think Sony decided to adjust the price of PSP 3000 for the NGP launch which will be scheduled for later this year. The Sony recently launched the new Xperia Play which is actually a merge of Sony Ericsson Xperia Smart Phone and PSP gaming device.