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MikeB said:

It's already being sold with a price tag of 119 Euro (including 19% taxes) with some bundled games at Media Markt stores in the Netherlands.

But this will not finish off Sony or the PS3 of course, it just creates some short term tension I imagine. The PS3 provides a lot of unique and compelling features and is a lot more powerful.

Keep believing in Sony's sales pitch. So far after two years we have not seen PS3  games being much better than XBox 360 as a result of PS3's potential power. 360 games have been on par and according to many reviewers even better than PS3 games in regards to multi-platform titles. PS3 games have been prone to lagging and frame rate issues due to the slow processing capabilities of Blu-Ray within PS3.