Sony today announced the release of the 40GB PS3 at £299. While it does lose the backward compatibility with PlayStation 2 software as well as minor stuff like two USB ports (out of four) and memory card reader, it should prove no concern to the many existing PS2 owners who just want to get the PS3. £299 is still a tad too expensive, but at least it is a pretty significant drop from the original price of £425 when the PS3 launched here just six months ago.
The 60GB PS3 with software backward compatibility, memory card reader and an extra two USB ports will receive a price cut to £350 (and then phased out - most likely to make way for a more expensive variant), which may prove valuable to people who does not own a PS2 or has since sold theirs. BluRay, HDMI, WiFi and the removable none-proprietary harddrive will of course remain in both models.
With the next Team ICO game confirmed to be in development, Metal Gear Solid 4 debuting early next year plus other great triple-A games (Little Big Planet, Ratchet & Clank: Tools of Destruction etc.) I think the time to finally jump on the PS3 bandwagon is getting nearer.
Anyone wants to buy a Wii?