As I reported earlier, the Sony Playstation 3 has been reduced in price to $499, if you want a 60GB model. On July 13th, it was announced at the E3 conference that the reason for the price reduction is that that model is being discontinued. There are plenty still available, but further 60GB models won't be produced. This is just a heads up if you are considering a purchase in the near future. More details on the announcement can be found here.