Sony's extending its PS3 birthday celebrations today with a hefty price cut on its PlayStation 3 "Reference Tool" (developer kit) to ease the barrier of entry for fledgling developers and the cheapskate majors. The kit now goes for the rock bottom price of $10,250, and Sony's promising more price cuts as more developers sign on board. In comparison, a Wii dev kit is somewhere in the ballpark of $2k, and while we're unclear what the actual 360 dev hardware runs for, the XNA "YouTube for games" Game Studio Express license is a mere $99. That said, we're liking this price cutting trend out of Sony, and can only hope it continues.

[Via Joystiq]