57w ago - This weekend retailers GameStop, Amazon (US) and Amazon (UK) have cut the price of the 160GB PlayStation 3 console from $249 to $199 (£159.99) leaving many wondering if an official Sony PS3 price drop is incoming.

To quote from PlayStationLifeStyle.net (linked above): "First GameStop cut the price of the PS3 by $50, then Amazon US, now Amazon UK has also dropped the price by a whopping £40 ($64).

If you live in the UK and have yet to get a PS3, be sure to pick one up now. If you don’t, then the deal should still be of interest to you - Amazon US and GameStop’s price cuts could be seen as simply a price war between the two retailers, but with Amazon UK now joining in on the discount, it does seem like retailers are discounting ahead of an E3 price drop, something that has happened in the past.

Michael Pachter previously said that Sony needed to cut the price of the PS3 to remain competitive in the US:

PS3 hardware sales should continue to lag those of the...

85w ago - Polyphony Associate Product Marketing Manager Brian Dunn has revealed today details on new Gran Turismo 5 PS3 free 2.0 updates, PlayStation 3 DLC and a price drop below!

To quote: If you have been keeping up with GT5, you know Polyphony Digital has been very diligent about releasing free updates to improve the game, especially the online racing mode.

Ever since the launch, Kazunori Yamauchi and his team have been carefully studying posts on forums, reading comments on PlayStation.Blog posts and across Twitter, talking to fans at events, and more. The game has evolved a lot since last November, thanks in part to the dedicated GT fans voicing their opinions.

Now I'm here to share with you some very exciting news about the biggest FREE update yet, releasing in the next few weeks. It will add new features and even more functionality to your GT5 experience.

Polyphony learned that a lot of fans out there love driving using the game's interior view, and has given some serious thought to it. With this new update, all cars in the game will now have interior views.

Although the level of visual details will vary based on what car you choose, you can now race from behind the wheel of any car in the game. In addition,...

92w ago - Today Sony President and CEO Jack Tretton has confirmed at Gamescom 2011 that the PlayStation 3 Slim will be receiving a price drop down to $249.

To quote: I have some exciting news to share with you today. As many of you know, it has been nearly five years since the PS3 first came to the U.S. market with its built in Blu-ray player, integrated hard-drive, built-in wireless, and unmatched hi-def gaming.

Today, more than 50 million PS3's have been sold worldwide, more than 2,495 Blu-ray titles are available and the PS3's expansive portfolio of games and video content on PlayStation Network exceeds 60,000 titles.

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.

Today, I believe that value becomes even more evident. I'm excited to share with you that effective immediately at retailers throughout North America, the 160 GB PS3 and the 320GB PS3 are now available for $249 and $299, respectively.

In addition, a limited edition inFAMOUS 2 bundle is now available at participating retailers across North America. The bundle retails for $299 and includes a 320 GB PlayStation 3,...

98w ago - Although no PS3 price drop is planned for the event, today IndianVideogamer.com reports that Sony will be announcing a new PlayStation 3 chassis design at Gamescom which runs from August 17th to the 20th, 2011.

This is not to be confused with the recent PS3 model CECH-3001A/B that weighs in at 2.6kg down from 3.0kg and cuts power consumption from 230W to 200W.

While the upcoming PS3's functionality is said not to change, during a recent interview PlayStation India Country Manager Atindriya Bose stated that the new PS3 chassis design will feature a slightly different internal design.

To quote: "Any chance of a price drop on the PS3 soon?

As of now, no.

Gamescom, then?

(laughs) Well, if there was a price drop coming at Gamescom, I'd know. There is, however, a new PS3 chassis being discussed. A slightly different design, but from what I can tell, not much difference in functionality."

117w ago - Update: Today WirelessGoodness.com has spotted the new PS3 model CECH-3001A/B via the FCC site further confirming the previous report.

The new PlayStation 3 slim model will cut power consumption from 230W to 200W and weigh in at 2.6kg down from 3.0kg, however, it will not include PS2 compatibility.

According to StingyGamer.com Sony is preparing a sizeable PS3 price drop soon which will coincide with Nintendo's 3DS console release in March (although IndustryGamers.com states Wedbush Securities analyst Michael Pachter predicts June) followed by a new hack-proof PlayStation 3 console in development.

To quote: "My source, who also told me the NGP's price will be £250 in the UK, stated Sony has been preparing a price...