from Joystiq

A little earlier than expected, Sony announced today that they’ve reduced the recommended retail price for the PlayStation 2 from $149.99 to $129.99/$139.99 CND. Just as the earlier report suggested, Sony didn’t opt for a more dramatic $99 price drop, instead going for a more subtle cut ahead of this May’s E3.

So, will Microsoft follow suit by cutting the price of the original Xbox from $149? Considering the company’s willingness to leave their previous generation console behind, we’d say the chances are unlikely. Meanwhile, the Nintendo GameCube has been sitting pretty at a $99 price point since September 2003.