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Taz42 said:
Have I missed some news somewhere? Where's the evidence that there actually is a 40Gb PS3-lite on the way and how much it is going to cost?


 http://www.engadget.com/2007/10/02/sonys-399-ps3-confirmed-by-best-buy/

It is still technically a rumor.  Several sources (mostly employees of electronics stores) have reported that they are ordering 40g PS3s.  Sony also filed with the FCC for a 40g device.

 Pretty easy to believe at this point.