PS3 price cut temporary?

Sony execs indicate discounted $499 PlayStation 3 may disappear from stores in mere months.
The current PlayStation 3 model, which is equipped with a 60 GB hard drive, certainly has received a price cut to $499 and is available at that price right now - but Sony's recent statements indicate that model is no longer in production.
If that's accurate, once those sell out, which could take as little as 1-3 months, the only PlayStation 3 model that's available will be the just-announced premium version. Going on sale in August and equipped with an 80 GB hard drive and racing game Motorstorm, it'll set purchasers back $599. Barring further price cuts, holiday shoppers would potentially still be faced with a $600 PS3, although they'd be getting more for their money.