Is now a good time to sell my PS3 with amazon starting to cut the price?

May be...

You have answered your own question there mate, sell it now or it will go down too far!



Why would you want to sell such a beastly machine anyway?

Yeah, you might want to sell your PS3 as soon as you can. When something is out for a longer period of time, the demand for it goes down and so does the price.