PSPgo Price Reduced To $199 In The US

The PSPgo was previously rumored to be headed for a price drop and now the news is finally official. Sony has confirmed that it will be slashing the price of the PSPgo portable game console from $249 to $199 in the US, and from 26,800 Yen in Japan to 16,800 Yen. The PSPgo was launched about a year back and this price cut comes just in time for the holiday season, increasing the possibility of you finding a PSPgo in your Christmas stocking. Will such a price drop be enough to help the console fend of challenges from its competitors such as the Nintendo DS or even the iPod touch?