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Rumored PlayStation 3 Price Cut

It looks as if the second most-hyped and overpriced gadget ever is about to get its much needed price slashing. According to a reportedly leaked Circuit City circular, the PS3 is taking a $100 nose dive on July 15th to $499.

This rumor is still not confirmed, but an "inside source" has told GameDaily BIZ that the price is not just limited to the leaked ad. An announcement is expected next week at the upcoming E3 video game conferencw. Sony is denying the rumor, continuing to say that there is currently no plan to cut the price of the PS3. Sony execs say they're not worried about the slow PS3 sales, citing the paltry early sales of the PS2 and original Playstation as evidence that things will pick up.

Even if true, it's doubtful that this price cut will turn the PS3 from an overpriced failure to a Wii killer, but at least it can compete with the Xbox 360... well, the more expensive Elite edition, anyway. And with the free Blu-ray movies being offered with a PS3 purchase, it's not an awful deal. Stay tuned to see if this one pans out.

From Engadget and GameDaily BIZ

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Tags: play station, PlayStation, price, price cut, PriceCut, PS3, sony



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