K-Mart confirms a new ps3 at a new low price in there online add for next month
http://kotaku.com/5339639/kmartcom-new-low-price-new-exciting-playstation-3
So they did.
I do find the timing interesting. Sony announces a price cut just as the 360 beats the extremely cheap PS2 in sales for the 3rd consecutive month. Smart move by Sony, hopefully it brings some life to the battle, because the 360 is starting to run away with it.