PlayStation 3 Price Cuts Now Confirmed

Apparently when Sony outright denied that they would reduce they the price of the PS3, they were, well... "just kidding," to put it softly.

Just days after Sony officials were publicly denying news of an impending $100 price cut on the Playstation 3, the company has announced that there will, in fact, be a $100 price cut on the Playstation 3. In a press release Monday morning, Sony announced both the slashed $499 price of its 60GB PS3, and the introduction of an 80GB model packaged with Motorstorm, which will take over for the previous model and retail at $599.

Besides reneging previous statements, Sony’s press release also renewed the company’s promise of new games in the chute. With only around 60 titles available for a system that’s quickly going on one year old, Sony has promised an additional 120 first- and third-party games by the end of the fiscal year and through Christmas, including: NBA ‘08, Ratchet & Clank Future: Tools of Destruction, SOCOM: U.S. Navy SEALs Confrontation, Devil May Cry IV, Dynasty Warriors: GUNDAM, Grand Theft Auto IV, Harry Potter and the Order of the Phoenix, Hellboy, Metal Gear Solid 4 Guns of the Patriots, Ninja Gaiden Sigma, SEGA Rally Revo, Stranglehold, The Darkness, TimeShift, Tom Clancy’s Rainbow Six Vegas and Tom Clancy’s Ghost Recon Advanced Warfighter 2.

“As we move into the next phase of PS3, it’s important that we continue to evaluate our product line, offering consumers the technology and features that meet their growing needs for new forms of media and the way in which it is delivered,” said Jack Tretton, president and CEO of SCEA, in a statement. “The introduction of the 80GB PS3, the new pricing for the current 60GB model, the availability of more than 100 new software titles this fiscal year and, finally, the expansion of services for Playstation Network, will provide even more options for users and will help bring new consumers into the PS3 fold.”