40 GB PS3 will be the only PS3 model available worldwide

[Bodhesatva]

Ugh, stop with the AM DOOMED crap.

We'll see how this plays out, and as SSJ said, this could actually be incorrect, as many of the honchos over at SCEE have been directly refuted by SCEA or SCEI. As even others have noted, it's possible this is just a ploy to get people to upgrade now. 

Wait and see. On the surface, I don't like this decision either, but wait and see.