Today I was looking at PS3's when I can across an article at http://seattlepi.nwsource.com/business/322906_sony09.html 

it said

"Sony is cutting the price of its primary PlayStation 3 game console by $100 in the United States, seeking to regain traction in a market it has long dominated.Putting a new twist into the video-game console wars, the company on Monday is announcing a new price of $499.99 for the 60-gigabyte PlayStation 3, effective Monday. Sony says it also plans to introduce a new PlayStation 3 model, with an 80-gigabyte hard drive, at a price of $599.99." and this was on July 8th 2007.  I did a google search to see if it was a joke and came up with this.

http://www.infosyncworld.com/news/n/8078.html 

"The limited amount of top game titles yet available for the Playstation 3, as well as stiff competition from Nintendo's Wii and Microsoft's Xbox 360, have forced Sony into lowering its original price for the 60GB PS3 from $599 to $499. The price cut is effective immediately.  In addition, Sony also introduced a new 80GB model. Aimed at online gamers and entertainment enthusiasts, the 80GB model will ship in August for $599. The online-enabled racing game MotorStorm will be bundled in the sales package."

I went to best buy's and circut city's websites and the 60gb ps3 was for $500, a $100 price drop and E3 is hear yet.

YES!!! I can now buy one.