PS3 for $499??

Yes you read right. According to several retailers including bestbuy and target, Sonys PS3 console will drop from $599.99 to $499.99 . No word if this affects the 20 GB model. This is a sign of desperation from Sony, as it has already been stated that a PS3 60 GB unit costs $840 to produce. Even though this may sell more units; the more units sold spikes the losses up even higher. Looks like those Sony execs will have to skip that pay raise this year.
Perhpas the cheapest PS3 available?

PS1+PS2=PS3!