Sony PlayStation 3 Getting 250 GB Hard Drive on November 3

After cutting the price on the 120 GB PlayStation 3 to better compete with the Xbox 360 and the Wii, Sony is launching a 250 GB PS3 on November 3 for $349.99.

Back in August, Sony took the wraps off a new PS3 Slim, a sleeker version of its gaming console with a slimmed-down price designed to better compete with the Xbox 360 and Nintendo Wii game consoles for the upcoming holiday season. But now Sony is again looking to appeal to the high end of the digital entertainment marketplace, announcing the at a 250 GB version of the PlayStation 3 console will go on sale in the United States on November 3 for $349.99. The 250 GB console uses the same form factor as the PS3 Slim, just packs more storage for folks who plan to spend a lot of quality time (and bandwidth) downloading movies, games, images, and other content from the PlayStation Network.

Like previous PlayStation 3 consoles, the new unit packs a Blu-ray drive, and comes with built-in Wi-Fi, HDMI output, two USB ports, and a wireless Dualshock controller.

The new high-end PS3 comes as a new spate of PS3 titles hits the shelves for the end-of-year holiday buying season, traditionally the most lucrative for the gaming industry. Among PS3 exclusives will be Uncharted 2 and Ratchet & Clank Future: A Crack in Time,.