After almost three years of restructuring, Sony's über Chief Executive Howard Stringer says the company's "next cycle is actual innovation." Heavy on promise but light on details, Stringer says the PlayStation Network will expand to offer other kinds of content. This is exciting, if only for the fact that if Sony actually puts some major drive behind PSN now and delivers something comparable to Xbox Live, we can finally say goodbye to the competition's yearly fee.

Stringer notes that PS3 sales have become steady since price cuts were announced, a fact aided by constant Wii shortages. It seems 200k machines are now sold weekly in Europe, while 40k to 50k are sold each week in Japan. Poetically, Stringer says that the company has "momentum," which we hope gives Sony the push needed to catch up to what Microsoft has spent years establishing and tweaking with Xbox Live.

This article was originally published on Joystiq.

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