We knew it was coming this month, now we have the day: tomorrow. Yup, PlayStation Home will launch globally on December 11th. The 3D virtual on-line community is like Second Life, only with the risk of rootkit. Hot. All kidding aside, the new service gives PS3 owners a customizable place to chat (voice or text) and play games with other PlayStation Home users through personalized avatars. Just like real life except without acne and all your social shortcomings. Home will be available to download and "experience basic features" for free -- some services (like creating a "club") will require cash though, so be prepared.

Update: Added video of Red Bull's PlayStation Home Air Race game after the break. It's also worth noting that the US is positioning this as an "open beta" whereas the Japanese announcement seems to position this as full production launch.
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PlayStation Home (Japan)