So what happens to the 20GB and 60GB models?

Remember the 20GB system? Long thought gone, the system is still available at Gamestop.com for $380. This is the cheapest system you can get. At $20 less than the 40GB model, you lose wi-fi connectivity and 20GB of hard disk space. However, you gain backwards compatibility. For those that want the cheapest PS3 that can also play PS2 games, this one may be for you.

Thanks to the price drop, the 60GB model officially costs the same as the 80GB one. However, retailers aren't going for any of that nonsense and are now packaging the system with many other goodies. Walmart.com, for example, is bundling one free game and a Blu-ray remote with the 60GB system (making it a far better deal than the 80GB, in our opinion). Retail Best Buy stores will soon run a promotion where you can get a free copy of Heavenly Sword (or Lair, if you so dare) and an extra controller with the 60GB system. Obviously, these are "while supplies last," so you may have to rush to take advantage of these deals.

[Via CAG]