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I don't think we will get a price drop this year.

get the MGS4 bundle(80gb Ps3),,,it's BC with Ps2 and Ps1 and has dual shock 3 controler packed in already,,,Also a free copy of MGS4 and the game pain on PSN.

40 gig Vs 80 gig:

ofcourse the HDD difference
80 is BC
80 has flash/SD drive input to watch your pictures on tv or store rhem on PS3
80 has 2 more USB port



after you played MGS4(possibly one of the best games this gen) give these games
a try:

Uncharted
ratchet and clanck
COD4
GTAIV
burnout paradise
heavenly sword