Ok I know that this is from the Wiki and isn't reliable for release dates, but I don't count this as a release date rather more news if true.
Quote:
PlayStation HomeMain article: Playstation Home
PlayStation home is a community based service for the PlayStation Network which will become freely available when it launches in the late 2007.All open betas have been canceled due to too much leaked information from closed beta users. Home allows users to create an avatar character for their PlayStation 3 console. This avatar will get their own house, which can be decorated with items players can receive in several achievements. Also included in the online virtual world is the ability to meet other PS3 users, interact, play games, show friends different types of media saved on the PS3 hard drive, and much more. In the future home will also expand, allowing players to have more items such as clothing, luxury housing, household items, which can be purchased via playstation store.
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I'm not convinced on this but I would just like to see your views.
Sources:
http://en.wikipedia.org/wiki/PlayStation_Network#PlayStation_Home
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