Kutaragi, Price Killah

After a most confused series of reports emanating from Tokyo, it seems the news is indeed true. The PlayStation 3 has seen its first price reduction. In Japan.

The announcement was made by Sony yesterday at the Tokyo Game Show: The Japanese 20GB PlayStation 3 will sell for 49,980 yen, or roughly $430 dollars. The 20GB PlayStation 3 is, of course, the lower end model...

"The Japanese users and media would not stop saying a price tag of over 60,000 yen, including tax, was too expensive," Sony President Ken Kutaragi said.

And to Sony, the plucky United States of America raises its middle finger.