In a press release issued tonight, Sony has confirmed that the 60GB PlayStation 3 has received a $100 dollar price drop, making for a retail price of $499 and is effective as of now. Taking its place at the $599 dollar price point is a new (to America anyway) 80GB model. The new model, however, will not be available in stores until this August, though no specific date was mentioned. The 80GB model will also come packed with the off-road racer, Motorstorm.
This news comes after a weekend of drama, all stemming from a leaked Circuit City ad. While we originally suspected that the 80GB model, due to the ease of modification, would remain a Korean exclusive, Sony has given everyone the swerve. This early of a price drop comes as a shock, however, as it wasn't terribly long ago that Sony was telling folks to get a second job in order to afford one. We expect to hear more about how this price drop and new model plays into Sony's master plan this week at E3.
In the US, the PlayStation 3 spent 230 days at its initial price.
[Update - The meaty part of the press release has been pasted after the break. Enjoy!]