Okay Sony... That's bull!! There is no reason to cancel the PS3 it's perfectly fine, Don't release the new one until 2012 at least! I paid $500 USD after going to work constantly trying to save up enough money for the console. And you go and say that?!
The PS2 was $300 at launch if I remember, I believe the PS1 was either $300 or $200 too. So why in gods name, would you release a new console 4 years after your $400-$600 console came out!
Nuh-uh, Isn't going to happen. Because if it does, I will not buy another Sony PlayStation. I'll take 6 years, Even 5 and a half. But I am not going to drop 500 dollars on a 4 year gamin console. (Actually it's more like a 2 year console to me since I just bought mine!)