Just been reading an article on my wife Karen's blog about a cut in the price of the PS3.

Sony will be releasing a cut down version of the PS3 which is cheaper however not backwards compatible with the PS2 and PS1. The price is quite attractive at £299, however I am not prepared to buy a cut down version of the PS3 if I can't play my old PS2 and PS1 games. However if you are looking for a cheap Blu-ray DVD player the PS3 is definitely it.

On another note the full version of the PS3 will be coming down from £425 to £349 which is a much more palatable price. I am still facing the dilemma between and Xbox 360 and a PS3.  I love the Wii console but I also want a serious games console and I really love all the amazing features that come packed in the PS3.