For the last week or so, its been rumored that Sony would be lowering the price of the 60GB Playstation 3 by $100. Earlier today, Sony confirmed the rumor, stating that the 60GB model will now be priced at $499. To fill the $599 price point, the company will be releasing a new version of the console that includes an 80GB hard drive and a copy of the game MotorStorm.
Sony Computer Entertainment America (SCEA), Inc. today announced a new 80GB model of its PLAYSTATION3 (PS3(TM)) computer entertainment system. Beginning in August, the new PS3 model will be available in North America for a suggested retail price of $599/$659 CND and will be sold with the popular online-enabled racing game MotorStorm(TM). In conjunction with this news, the company also announced that effective immediately, the current 60GB PS3 model will be available in North America for $499/$549 CND, or $100 below the original launch price.

By featuring an expanded hard disk drive (HDD), the new 80GB PS3 is designed to appeal to the online gaming and entertainment enthusiast, providing ample storage space to download more games and other entertainment content from PLAYSTATIONNetwork. There are currently more than 60 playable games and game-related downloads available through PLAYSTATIONStore, with expanded entertainment content coming soon. The new model features the million-selling game MotorStorm in the box, allowing up to 12 players to play online at one time, hitting the dirt in this visually-arresting, fast-paced racing title.
If the $100 price cut isn't enough, remember that you can also get five free Blu-ray movies by mail. Full details on Sony's price cut and the 80GB PS3 can be found here.