GameStop, that bastion of used-game goodness, recently revealed some fairly expected news for gamers. In an investor conference call, GameStop executives revealed that Wii shortages will likely last the next six months, while both the Xbox 360 and PS3 look headed for $50 price drops.

Executives stressed that the price cuts were not official but simply their speculation. They also happened to speculate about a $30 price cut on the PS2. None of this is too surprising, as people have been expecting such a cut on the PS2 for nearly a year now. The Xbox 360 and PS3 price cuts would go a long way toward getting both closer to a mass market price of $200-250.

The expectations of Wii shortages were joined by similar concerns for PSP stock. Remember the good old days when you could simply waltz into a store any buy any game system that had been out for two or three years? Now buying a new game system is akin to hunting down a rare baseball card.

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