It seems priced to allow for cuts.
I don't really anticipate seeing them. Again, the PS5 Pro is an enthusiast product. It's for videophiles, professional gamers/streamers, and the most hardcore of PlayStation fans. PS5 sales in general have not slowed. The OG/Slim models are the mainstream product, and they're still selling incredibly well. The PS5 Pro is an elite product that will continue to command a high price. If they lower the price of the PS5 Pro, it will devalue the OG/Slim PS5. And Sony won't be in any hurry whatsoever to cut price on the primary model unless the sales become sluggish.
The PS4 Pro was never a huge part of Sony's strategy last done. It had a much lower priced and the overwhelming majority of PS4 owners/new buyers opted either not to upgrade, or if coming into the PS4 to save $100 and get the PS4 Slim instead. Armed with this data, there is no reality in which Sony launched the PS5 Pro thinking it was going to equal or outperform the PS4 Pro. It will be lucky to do even half the sales the PS4 Pro did. I suspect it'll be even less than that.
The entire reason that the PS5 Pro exists is to occupy the highest tier in the market. Xbox is no longer competing on this front, there is no equivalent of the Xbox One X coming for the series. So PlayStation has captured the high end of the market by default and is now servicing it. Another reason why they didn't include a disc drive. They don't have to. If you're a high end PlayStation gamer, you don't have any other option if you want the best console performance--otherwise you'd have become a PC gamer at some point.
So no, I don't see the price of the PS5 Pro suddenly dropping even if the sales numbers tell the story that it's a flop. When you're at the head of the class, you don't suddenly wave a white flag, put on a dunce cap, and go sit in the corner to think about what you've done. Unless/until the OG/Slim PS5 stops flying off shelves, there's no reason for Sony to change strategy and they might as well milk the elite end of the market. Some people want these things and will pay for them. Let them. For everyone else, there's the plain PS5.