‘Bout friggen time: The PS3 Price Drop

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As of November 2, Sony will introduce a new, cheaper 40GB model of the PS3, bundled with a Spider-Man 3 BluRay disc for $399. The only catch here is that this cheaper 40GB version will not offer backwards compatibility for PS2 titles.
According to SCEA’s Jack Tretton,

We’re choosing to focus on the PlayStation 2 consumer with the PlayStation 2, which remains incredibly relevant, and focus on the PlayStation 3 consumer with the new 40-gigabyte model and the great software coming out… Backward compatibility is a nice secondary consideration, but it’s far from the number-one priority.

They’ve also knocked $100 off the original price of the existing 80GB PS3 to $499(which has limited backwards compatibility).

via MTV Multiplayer

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