Good news for our European readers. vnunet.com is reporting that Philips & Lite-On Digital Solutions plans to drop the price of its Blu-ray Disc writer to about €549.
Joint venture company Philips & Lite-On Digital Solutions has announced plans to cut the price of its internal Lite-On Blu-ray Disc Drive LH-2B1S in Europe.

The company said that the move was prompted by the greater availability of Blu-ray lasers.

Lite-On launched its LH-2B1S in November 2006, but due to an early global shortage of the actual Blu-ray lasers, prices of Blu-ray writers remained high relative to alternative systems and pricing had not moved since these were introduced.
Europe isn't the only place seeing price cuts. Here in the US, we've already seen the LH-2B1S go for less than $300. The Taiwanese market has also experienced a 20% price drop. However, due to the price of media, drive sales are still very slow.