"We're hearing Nov. 2 (for the U.S.)," said one industry source, according to The Hollywood Reporter.

Immediately after SCEE's bizarre announcement of the 40GB system in European territories, many are awaiting SCEA''s announcement of the same. The 40GB system will retail for significantly less than current PS3 models, most likely dropping down to the $399 price point. However, it will lose 2 USB ports, memory card readers, and will also lose any support for PS2 games.

[Via Joystiq]

This article was originally published on Joystiq.

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