PS3 price drops to 299€ in some places

Is there any precedent for clear out sales of older model being lower than the newer model being introduced?
Basically they are now dropping the old one to €299, but the slim will be launched with €349 price for instance?

 

Yes, it's a rather common model. Sometimes the retailers are offered price protection for the discount of the old model.

 

I have seen a PS3 offer this morning in the local Mediamarkt for 360 euro (including 2 games and some other stuff) They seem to clear stock as these units where going very fast

In other shops there are also PS3 offers. There seems to be something going on.