That price plunge turned an unaffordable extravagance into something I could actually buy and start using every day. It wasn't just the computers that became cheaper, but the peripherals (disk drives, modems, printers) and software as well. Suddenly, a home system that was never going to happen could be picked up piecemeal at a fraction of the price.
I wonder how many programmers owe their current careers to this early shakeout and price collapse.