Suprise!!
Sony yesterday announced that, effective immediately, it is cutting the price of the PS3 by $50. The price cut, unveiled at Sony's Gamescom 2011 keynote, means the 160GB PS3 will now retail for $249.99 in the U.S., €249.99 in Europe and ¥24,980 in Japan. The 320GB model is now going for $299. Sony's Jack Tretton commented on the price cut on the official PlayStation blog and attributed it to the console's ability to maintain momentum:
"While others in the space are losing steam, PlayStation 3 is gaining momentum and giving gamers everywhere more of what they want: an unparalleled line-up of exclusive games and access to the best in sports, movies and TV, all at a great value," he wrote. "The new price will make the PS3 more accessible than ever before, so there’s never been a better time to join PlayStation Nation. We know that while future-proof technology is important to you, content is still king — that’s why we continue to focus on bringing you exclusive “must have” titles that are unmatched by anything else on the market."
Tretton also announced a new bundle for fans hoping to take advantage of the new pricing. For a limited time only, you can grab an inFAMOUS 2 bundle that retails for $299 and includes a 320 GB PlayStation 3, a copy of inFAMOUS 2 and a 30-day membership to PlayStation Plus.
Sony's PlayStation 3 console was launched five years ago, in November of 2006. The 60GB model debuted at $599.

Bless that "loss", it enabled one of the greatest game of all times to be played on a proper platform.
Even if you have an Xbox and you are very happy, surely now is a great time to take a look at a PS3.
Even if you have an Xbox and you are very happy, surely now is a great time to take a look at a PS3.
This plus the newly announced MGS HD Collection is going to make me one happy guy.
You forgot Sly Cooper.
Bless that "loss", it enabled one of the greatest game of all times to be played on a proper platform.
And the quote from Jack Trenton above should read:
"While others in the space are losing steam, PlayStation 3 is gaining momentum and giving hackers everywhere more of what they want: Your personal information, on a silver platter"
To few who votes with the money and ignore overpriced items signaling the companies its ok. Sad but true!
They can lower prices to 0(ZERO) if they like, I absolutely have no reason to consider PS3 as game console or as anything else with this kind of SONY destroying faith in company.
Consoles are non standard, proprietary, remotely controlled and unusable for most of the things.
They should just DIE.
Also that Euro to USD thing.. I think I will pass on that US produced overpriced Shit.
Perhaps my many years as a PC gamer simply has made me acquire a different taste than console gamers. Whenever I play a game ported to PC I almost always find myself wondering
how someone could think this was a good game to begin with, the most recent example being Fable 3.
I love my 60GB PS3 that I have for 5 years now but I don't remember EVER singing up to that "PlayStation Nation".
USA! USA! USA!
What about the Call of Duty games? I prefer to play those with a keyboard and mouse, rather than a console controller. Mind you I did originally start playing these types of games on PC so maybe I am a little biased, but I just can't get to grips with playing FPS on a console. Plus, there's all the add-ons you can get for the PC, like Call of Duty: United Offensive.. an multi-player mod that I picked up for £1! I know it's old but it's still cool to blast around the snow in a tank.
Other games that started on consoles and made it to PC, have benefited. I mean, despite Rockstar's restrictions, the GTA: San Andreas online mods (namely Multi-Theft-Auto and San Andreas Multi-player), get phenominal support. Every day there's 100's of servers with 1000's of players. Unlike the console version you can race online, fight zombies and role-play although because the mod is effectively based around a game that wasn't MP to begin with, things are still evolving. Even Vice City and GTA IV are being developed, and there's now a version of GTA IV that uses the San Andreas map, the benefit being improved Rage Engine graphics. Hmm, I wonder if Rockstar would actually consider doing it for the PS3..
I think there are some games that translate well to PC, but unfortunately I have not always had decent PC hardware to run them. At least with the PS3 you know what to expect and don't have to worry too much about lag. The graphics don't bother me that much..coming from the ZX Spectum era, I am more interested in the game-play. I'm just not too keen on console controllers for first-person stuff unless it's driving sims.
Does the Japanese version still have PS2 hardware support? I agree about keeping it in all models.. after all it's keeping the support base alive as well as keeping people in jobs. But for some reason it's a huge deal for Sony to stick some old Silicone inside a modern games machine. What's the betting that if Sony did bring back PS2 support, they'd make you pay through the nose for it..
Well f-gomes, I should imagine lots of people thinking the same this Christmas, including myself. Isn't globalisation wonderful, eh.. reduced wages, longer hours and higher taxes (especially with bankers to bail out!). But when it comes to lowering retail prices...erm..erm..nah, we better not go there; let's pretend we're giving the European including British customers, an awesome deal. Same old same old..