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PS3 Price Drop Confirmed

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As reported by KOTV, Starting on Monday, July 9th, the 60 GB PS3 will be priced at $499, despite the fact that Sony president Ryoji Chubachi told Reuters in an interview, "At present we have no plans [to cut the PS3 price]," More of "Sony's lies"? (I kid)

The report also notes that an 80 GB PS3 will make it's way to the US and Canada in August for $599. It will also come packaged with Motorstorm.

Will these two tactics increase the sales of PS3s? I can't help but think Sony would be better off returning the 20 gig for $399 instead of putting out another system at the same price. (Kaz Hirai, Phil Harrison, Howard Stringer, are you listening?!)

Best if I repeat myself from the last new article. Start busting open those piggy banks, kids. Combine this $499 with the 5 free blu-ray movies deal and you could get yourself a PS3 for $499 with 5 free movies!

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