Analysts estimate that the PS3 may cost as much as $500 Ken Kutaragi, president of Sony consumer entertainment reportedly announced " it will be expensive". Sony is putting some kind of blue ray drive on it that is supposed to cost around $100 a piece. The PS3 is likely to be released around the holidays of 2006. The PS3 will also have a hard drive and a new graphics chip and developers say it will cost more than the xbox 360. Sony has invested an estimated 6 billion on the technology alone. The PS3 will be available in three colours, silver, black, and white. Halo 3, (which is supposed to be released in November of this year) is supposed to counter the launch of the PS3. Halo is a very popular series but I don't think it will counter the release of PS3 but I think the PS3 will definitely slow down the sales of the xbox 360
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