[irrational]

I'm still a bit interested in buying a ILC camera, but I assumed at some point the prices would start dropping, but they really haven't. Demand has gone way down and supply isn't really limited. There is even competition. But the prices remain fairly constant.

[Zak]

Used is the budget option. Cameras aren't in the kind of rapid development cycle where an older model isn't competitive, but it's often half the price of new, or less.

[re-thc]

The prices will go up as the products become more a niche. Less demand = lower economies of scale.

[stephen_g]

I wouldn't expect that to happen... Especially with lenses (full of expensive bits of glass) but new cameras will always be sold at a premium. Firms set prices for products, supply and demand mostly doesn't come into it (except pushing prices up perhaps when availability of components are constrained).