Is a permanent PS5 price drop likely, or should I wait for a new model?

[PenelopeW]

I've been holding off on buying a PS5 for a while, waiting for a good bundle or a price drop, and with rumors swirling about a potential new model announcement later this year, I'm trying to decide if I should buy now or wait a few more months. I'm mainly interested in the exclusive single-player games, and my old PS4 is starting to show its age with longer load times. For gamers who track console cycles closely, what's your read on the likelihood of a meaningful permanent price reduction on the current disc model in the near future? Do these rumors usually lead to retailers clearing old stock with temporary sales, or is it better to wait for a confirmed hardware revision that might offer better value, even if it means missing out on playing the latest titles this summer?