Michael Pachter, a senior analyst at Wedbush, has suggested that the PlayStation 3 may not be released until 2007, if the right circumstances prevail.
Patcher predicts that Sony will drop the price of the PlayStation 2 to $99 at the launch of the Xbox 360 this fall. This price will still constitute a profit for Sony and extend demand for the product.
Sony will also have to hope for disappointing 360 sales. If the 360 shows strong sales, the PS3 would need to be released shortly afterwards. But, "should Microsoft fail to garner sufficient software support to gain an insurmountable lead, we think that there is a possibility that the PS3 launch will slip into early 2007."
This is all speculation, of course. When we find out the real information about release dates for the PS3, we will let you know.