July 13, 2007 - Ever since Sony announced it was dropping the price of the 60GB model by $100 to $499 earlier this week, there has been rampant speculation as to whether or not it would be a permanent price cut or a temporary one until supply of the model runs out. Today http://www.gamesindustry.biz/content_page.php?aid=26702 received confirmation from David Reeves, president of Sony Computer Entertainment Europe, that the 60GB model will not be continued in Europe. But what about North America?

Senior Public Relations Manager for Sony Computer Entertainment America, Patrick Seybold, has substantiated this news to IGN: the 60GB will not be continued in North America, either. In effect, this means the $100 price drop is only temporary.

"The 60GB PS3 will be available in North America for $499 until supplies of that unit are depleted," Seybold said. "We have ample inventory to meet the immediate needs of consumers in this territory for several months to come. We won't be making any further announcements regarding our PS3 model hardware strategy in North America until the 60GB model is exhausted and market conditions are evaluated."

Seybold also shed some light on the company's plans for the older PSP model now that a redesign has been announced. Will it be phased out as well? Or receive its own price drop?

"The newly designed PSP will replace the original PSP design starting in September with the $169.99 PSP Core Pack and the $199.99 Daxter PSP Entertainment Pack."

Thanks to http://ps3.ign.com/articles/804/804902p1.html for sharing the news with us!