Sony is going to make an announcement on Tuesday. Little details are known but Kotaku speculates it might be a price reduction of the PlayStation 2 console:
Or could it be something completely different? Rumors have been doing little twirly things all over the internet over the past few weeks regarding a potential PlayStation 3 price cut, and while our first thought was "Why would they announce it several days after GDC?", apparently they are indeed announcing something several days after GDC. Go figure.
We're leaning towards a price cut, but we've got a sneaking suspicion that it's the PlayStation 2 dropping to $99, and not a cut for the PlayStation 3.