Sony announces 80GB PS3 will be $399 in Sept.

At its E3 press conference today, Sony announced that, starting in September, the 80GB PS3 would be available for $399.99, down from the $499 Metal Gear Solid 4 bundle currently in place for the 80GB configuration. The newly priced 80GB system will be on par with "the current functionality of the 40GB PS3," according to Sony CEO Jack Tretton. We're not sure if this means the cheaper 80GB system will be losing functionality (like SD card readers and software PS2 emulation) that the 40GB system doesn't have, but we'll let you know as soon as we get this clarified.