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I love when companies try their best to discourage the idea of a price-cut on an overpriced piece of hardware, only to turn around and go against their words to do it anyway.

Sony Corp. (6758.T: Quote, Profile, Research) cut the price of the PlayStation 3 by $100, or 17 percent, in the United States on Monday, a move that should boost the video game console’s lackluster sales.

The PlayStation 3, which includes a 60-gigabyte hard drive and a Blu-ray high-definition DVD player, will now cost $500, or $20 more than the most expensive version of Microsoft Corp.’s (MSFT.O: Quote, Profile, Research) Xbox 360.

The PS3 still costs twice that of Nintendo Co. Ltd.’s (7974.OS: Quote, Profile, Research) Wii console, whose $250 price and motion-sensing controller have made it a best-seller despite its lack of cutting-edge graphics and hard disk.

With the recently announced price cut, I may have to make use of one of the bundled packages being marketing by Circuit City. On another video game related note, I just picked up Super Paper Mario (virtual pat on the back for Nintendo and clean URLs). If anyone was turned off by the simplified graphics of the game, tsk tsk. Give the game a try – Syl & I are already stuck in the 2nd world.