Yup, you heard it here first (or second:P)
Sony will announce tomorrow, that has bowed to consumer pressure, by not only reducing the price of its 60GB console, but also creating a 40GB version priced at £299 to go up against the Xbox 360 Elite.
Confirmed by multiple sources in the games industry in the UK, Pocket-lint has learned that Sony Europe will officially drop the price in the UK of the games console by £56 to £369 in an attempt to boost sales ahead of the Christmas rush.
The 40GB PS3 is expected to feature WiFi, Blu-ray, and SIXAXIS controller but will lose 2x USB slots, the memory card reader, and backward compatibility chip -- not a loss for European gamers whose compatibility is ensured via software. All the changes are expected this month if the rumor holds up.
If you haven't bought a PS3 yet, now will be a good time.
This will be a great holiday.
UPDATE:
I hate it when I'm right:P.