The PSP-3000 had a welcome drop in price last week, and now it's time for the smaller, flashier sibling to follow suit. The PSP Go has been reduced to a very wallet-friendly $149.99.

Could it be that Sony is finally admitting that the PSP has been a disappointment in North America? Is Sony unloading warehouses of stock before the NGP arrives? Do you think Sony is quivering with fright at the thought of the 3DS? Who cares? That's a hefty $50 reduction.

Now, will someone please tell retailers about the price-drop?