Sony will allegedly release the 40GB PlayStation 3 console across North America next month, according to a report on the Nielson Page.
The article cites various electronic retailers as its source, claiming that the new SKU will ship across the region from November 2 for approximately USD 400. If true, this puts the machine at USD 200 cheaper than the current 80GB model.

The 40GB console discards PlayStation 2 backwards compatibility, multi memory card slots and features two USB ports instead of the four featured on other models. The machine is currently only available in Europe, where it launched last Wednesday.
Stay tuned for more developments as they break.

Just shows ya, spend the extra pennies and you'll get somethin more than twice as good.
Sad how people want the Ps3 to be cheaper.. As is you weren't already gettin your money's worth!
WOW! The US is so lucky! This cost AU$700 here, although US$400 equates to about AU$450!!! We are so ripped off down here! Exactly the same console with major price rip off difference. Even the softwares and accessories are highly price down here! Importing games from the US would save me alot even after paying for air-charges! I really don't understand how pricing works for different countries and regions?!?! Even downloadable contents on PSN just doesn't make sense when I'm able to purchase something on the US store cheaper than the delayed AU store! Can somebody please explain this to me?
Haha. We've already got it in Europe. I really think they should consider a bundle with a [PS3 40Gb + Dual Shock 3 + Bluetooth Headset + Warhawk for $400]. That would sell REALLY good! I promise you PS3 would become popular.
psn id: gingo...i think sony will be regretting bringing out an 80 gig now i think they should have stuck with the 60 and 40
well in denmark the 60 gb version costs what is aprox. $1000 US .. so i cant really see why people bit*h about a $600 US price tag.
Dunno why Kane's laughing... the US get the same console for £100 cheaper than we do... Personally, I don't like this new console, losing the card reader is just silly, they cost next to nothing, but having one dangling out of a USB port is just unsightly.
I don't think Sony will regret coming out with the 80gb model. They'll drop bundled game and sell it for 500-550 USD.
Chimmy-I didn't like the specs on the 40gb model either (other than price). So I bought one of the 60gb while there still on the shelves.
They will drop the price of the 80GB to $500.
As people have stated before.
The 80GB will be $500
The 40GB will be $400
They just want the 60GB stock to run out.
I think this is a good move, but I also think they could have hit $350 with the 40GB seing it is somewhat crippled. But for the love of God please include an HDMI/Component cable in the box guys! Nobody wants to open up their cool new PS3 on Christmass and not play HD games on their new HDTV. Include the freaking cable!
This move will put major pressure on the 360 and hopefully by the end of 08 PLAYSTATION will be the market leader once again!
HDMI cables can be found cheap on the internet. You can find some for $10.
if the 80g will be $500 and the 40g will be $400 how much will the 60g be?
Hmm I wonder how well this will do. Lets hope those who complained about the price can finally shutup. :)
"The machine is currently only available in Europe, where it launched last Wednesday." Since when has Australia been part of Europe?
We're not part of Europe but we seem to get everything the euros get including the 40gig PS3.
I'm sorry, does someone want to tell me how the 40Gb is crippled? I already have the 60Gb, and am loving it, but if you told me I could get the 40Gb model a while back, I would have been all over that thing. Backwards compatibility? With 120 million playstation 2 owners, I'm guessing the person going for the 40Gb already has a ps2. just like me. if they don't, then you just saved yourself 200 dollars from the 80Gb. Good job, now go buy yourself a ps2 for only $169. That has the best Backwards compatibility of all. What else can you complain about? card slots? if you are goona complain about that then you, my friend, have issues.
Lithgow has a point I have stated for a long time, if you want a straight up PS3 that a cheap model to get (more or less bang for your buck) get this. If you want BC get a PS2 or get the higher end models, how hard is that? :/