As the internet awoke this side of the great pond known as the atlantic, news that had been on the lips of U.S based sites for a few hours hit like a steam train, and before we'd even had a much needed breakfast. Sony has gone back on its statement of last week, stating that due to the introduction of the 80Gb PS3 for $599 (£297), the 60Gb model launched in November would now retail at $499 (£248).

So Sony lied on Friday! In all seriousness, this is a great announcement for a machine getting outsold every week in the U.S. What is interesting, is that this isn't anything to do with Europe. You can bet your bottom dollar that if Europe doesn't see a similar price cut soon, punters will flock to the Xbox 360, if only because it isn't the most expensive console around.

Here's the official comment:

"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.

"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."

Word.

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