From July 9th the PS3's price is going to be cut to $499 in the US and $549 in Canada, the same price as theformer 20GB model. As well as cutting the price of the 60 GB console, Sony are also going to release a new massive 80 GB console to make up ground that they've lost from earlier hardware delays. The larger-capacity system will go on sale in August for $599, and will have all the functionality of the 60GB model. I think this is more smart thinking from Sony who are trying to agressively snatch back the market they lost to Nintendo and Microsoft earlier this year. The PS3 only sold 82,000 units in the US in May, compared to the Xbox 360's 155,000 units and the Wii's 338,000 units. Sony are showing they're intent and I think it's good news for all of us as gamers. Leave a comment on your thoughts.