dramatic price cut for the console's software development kit. The Playstation 3 Reference Tool will now be made available to new developers for $10,250 USD, or €7,500 EUR. This is nearly half of what the SDK has previously cost developers.
Sony has also announced plans to further cut the cost of the development kit once more studios have adopted the format. On the surface, it's clear that Sony's struggling to earn new developers for their console, and hopes that incentives like a reduced entry fee for development will bring new blood to the system. On the other hand, decreased developer costs are good for everyone, so we'll eagerly wait to see where this takes the PS3 in the coming months.