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Since there will likely be two models I'll include both in each option.  I think they'll go with $399 for a 500gb system and $499 for a 1tb system.  I don't think they can go any lower than 500gb because that's the high end PS3 model now and obviously they won't go down in storage with all this online focus.  Games will be bigger and with trying out every game they won't want to skimp on the space.

EDIT:  Hey guys just to provide some cost info you can get a 1tb for $70 on Amazon and I'm sure Sony will get them a lot cheaper than that.  Here's hoping they go non-proprietary.  Also for those of you suggesting they go SSD I really don't think that's happening.  They've already said it will be an HDD at the conference and those are way too much I mean I found a 128gb one for $100 but wouldn't it be confusing to the average consumer if there was more cost for less space (I know they eliminate loading times and offer other advantages but just in general).  I suppose a store employee could help but I wouldn't trust them to be unbiased given what I've heard and experienced.




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