The top-of-the-line 80GB model now costs $499, down from $599. The lower-end model with a 60GB drive was for $499. So the new 40GB one will debut on November 2 for $399. Not bad!
Still however, the Sony Playstation 3 holiday price cut will not make this console cheaper than others. The Xbox 360 costs $350 and Nintendo's Wii costs $250.