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It had been rumored by the gaming press, then denied by Sony, and now it looks like the $100 price cuts are real, and will be effective on the 15th of July as originally anticipated. That brings the entry level price of the PS/3 to $500, same as the price of the discontinued 20 gigabyte model.
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Since it began selling the PS3 last November, Sony has been criticized for setting the price higher than the competition and including expensive features that most consumers were not ready to use, like a Blu-ray high-definition DVD drive.
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