40GB PS3 Goes Worldwide

Sony Computer Entertainment has announced that they will release a 40GB PS3 to all regions this fall for $399US. This new console, which lacks backwards compatibility with PS2 games, is $100 cheaper than any previous PS3 model. What hasn't changed is the PS3's ability to play Blu-ray movies, a feature which has made it the most popular - and now one of the cheapest - Blu-ray players on the market.

In some regions, a limited number of consoles will be bundled with the Blu-ray release of the Spider-man 3, allowing customers to experience first-hand what Blu-ray is all about. Details vary by region.

All other PS3 models have received a price reduction as well, and will continue to be sold until stock is depleted. Again, availability and reductions vary by region.