Price will not drop on Google play, (it never did with nexus)
I *suspect* there will be a significant price decrease when the Note 8 comes out... Because many of us will be dumping our Pixels and going back to Sammy.
If it drops, the Note 8 release won't be the reason. Sammy fans and Nexus/Pixel fans run in different circles. I doubt that significant numbers of Note 7 owners moved to Pixel. More likely one of the S7's.