40GB PlayStation 3 launches in Australia on October 11

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SCE Australia have come clean regarding another one of their poorly kept secrets - the 40GB PlayStation 3. Launching in Australia on October 11 for AUD $699, the new model has two USB ports, no backwards compatibility with PlayStation 2 titles, and no multi memory card reader.

According to Michael Ephraim, Managing Director of SCE Australia:

The introduction of the new PS3 has been the result of extensive research into the entertainment needs and preferences of the next generation of PS3 owners […] It has allowed us to deliver an extremely advanced, yet incredibly affordable High Definition gaming and entertainment system, configured to the needs of the next generation of PS3 owners. PS3 has always been the device of choice for the discerning gamer and entertainment seeker, the new PS3 along with our extensive list of new and exclusive game franchises makes it, more than ever, the perfect High Definition entertainment system.

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