Price cuts slated for Playstation 3

WHILE THE world+dog waits with abated breath for the arrival of the much publicised but rarely seen PS3, its maker, Sony, has announced its first price cut.

The world plus dog might be confused that a product, which has not even been assembled yet, might be being offered on a discount already. Apparently, Sony is already a bit worried about competition from the much cheaper Wii, and in the US, the Xbox 360.

The original plan was that the console would cost ¥62,790 or $539, depending on which side of the Pacific you were on. However, this price was widely considered as being outrageous.

Sony's latest price tag is ¥49,980 yen or $430.

This is still expensive, but a bit more competitive when you consider it will come with its very own Blu-ray player.

More at the Sydney Morning Herald . µ