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The majority of people of Latin American countries will not be able to afford PS3's. I would not hold my breath for good sales of PS3 in countries located in South America and other Latin American countries. PS3 consoles are rumoured to sell for around $1000 US in Brazil and Argentina.

Bear in mind small markets guarantees higher prices for consoles and games. That is how things work. USA and Japan pay the lowest prices for consoles and games due to having large video game markets. Europe, South America, Australiasian countries pay higher prices for consoles and games due to having much smaller video game markets in comparison to USA and Japan.