The latest Gamestop ad proudly proclaims that the PSP Value Pack has a new low price. The bundle, which includes a Memory Stick, headphones, and a case, now comes $50 cheaper at $199.99--that's the same price as the Core unit.
It's unclear at this time if this is a Sony-mandated price drop, or if it's a Gamestop-only promotion. However, considering how today is PSP's two year birthday, it makes sense to celebrate with a universal price drop. If the Core unit drops in price as well, PSP will almost be able to compete against Nintendo's handheld ... at least in terms of price.