PS3 price cut announced

In a move to compete with Nintendo Wii and Microsoft Xbox 360, Sony unveiled a price cut for the PlayStation 3 in Europe by 100 to 200 euros to boost sales ahead of Christmas.

Sony also announced a new model, equipped with a 40 gig hard drive, will go on sale in Europe at 399 euro, 200 euro less than Sony’s more powerful 60 gig unit.

With the new changes, it means Sony will also give up on backwards compatibility. This new model does not contain the PS2 chip needed for backwards compatibility or emulation.

Son has also cut the number of USB 2.0 ports to two rather than four, and will no longer provide a multi-memory card port.

There are more game titles coming. For the holiday season, there are a total of 65 videogame titles for the Sony PlayStation 3.

It does seem as if Sony is moving on with the times though, perhaps focusing on newer games and maybe PS2 title revisions that will operate on the PS3 platform. Either way, people who only have the PS2 titles are going to need to upgrade to the current platform.