Speaking to Reuters, Kazumi Kitaue the head of Konami's North America operations has revealed that he does not believe the new PS3 price cut will have much of an impact on demand as you can buy a personal computer for $500. Kitaue also conceeded that despite Metal Gear Solid being born for the Playstation, the company may have to take some steps despite an inner desire to keep it Playstation exclusive.

"I don't expect a substantial impact ... With $500, you can buy a personal computer."

Sony has packed its cutting-edge technology including a Blu-ray high-definition DVD player and high-performance chips in the PS3. The advanced functions enable life-like graphics, but have driven up production costs.

Its high price and a lack of attractive software have been cited as major reasons for the PS3's plight.

Kitaue said Konami may need to expand the target hardware for its blockbuster fighting game Metal Gear Solid, which has so far been developed for Sony's PlayStation machines, to other consoles in the future to recoup development costs.

"Since Metal Gear Solid was born for the PlayStation, we would like to keep it a PlayStation game. But we might have to take some steps," Kitaue said.