Sony has cut the price of its best-selling PlayStation 2 by $20 in the US in hopes to continue sales as the release of the PS3 draws nearer.

Finally something to show us what the ps3 is made of.
High rez as well……

As noted earlier today the Playstation 2 is dropping twenty dollars to $129.99.
And we ask, why didn?t they go all the way to $99? I think I know why. The PS3.

Sony cut the price of the Playstation 2 today, lopping $20 off the previous retail price. The console can now be had for $129.99 in American and $139.99 in Canada. A PS2 price drop has been expected for quite some time, though many speculated Sony would aim for the golden $99 price point. Could this be a sign of the PS3 releasing soon?

Kaos Studios (veterans of Desert Combat and Battlefield 2) are bringing a next gen fuel war/sandbox FPS to your Xbox 360/PS3/PC. Fitting for days like these.

THQ has announced Frontlines: Fuel of War for PlayStation 3, Xbox 360 and PC.

Producer Hiromichi Tanaka tells Japanese news site about game, keeps mum on specifics; says PSP Final Fantasy XI is possible–but unlikely.

Yesterday Japanese news website, Impress, reported that the Final Fantasy XI development team gave some detail about their plans for next generation consoles and Windows Vista.

Market research firm ABI Research believes that Toshiba’s HD DVD format will benefit from hitting the market months before Blu-ray but that over the long-term the combination of strong studio support and the inclusion of Blu-ray in the PS3 will enable Blu-ray to prevail. Microsoft says otherwise, however.

What is Microsoft saying now.