PS3 Fanboy live from Sony's E308 press conference

We're here. Hope you join us. The entire E3 press conference will be liveblogged, after the break. Stay tuned!

Important Updates:

• Greatest Hits titles will be available at $29.99 retail later this year. Games include Resistance, Motorstorm, Warhawk, Call of Duty 3, Fight Night and Need for Speed Carbon, Rainbow Six Vegas, Assassins Creed, Oblivion, Ninja Gaiden.

• Universal access to PSN, via PC later this fall. Access Friends lists and more on your computer, even when you're not on the PS3.

• Ratchet & Clank Quest For Booty coming to PSN this Summer. A new concept: shorter game at a lower price. A big summer blockbuster film: it's everything you expect from a Ratchet game, and it's a continuation of the franchise. It leaves off where Tools of Destruction leaves off.

• New PSN games includes Rag Doll Kung Fu sequel.

• Movie and TV downloads. Major studio supports from Sony, Fox, MGM, Lions Gate, Warner, Disney, Paramount, Turner, Funimation will offer support for PlayStation video. Will offer SD and HD content. TV shows start at $1.99 per episode, movie rentals start at $5.99 per rental. Not only can you play the content on the PS3, you can play it on PSP. It can be placed on multiple devices at the same time.

• Ratchet & Clank Size Matters Entertainment Pack includes Size Matters, Nation Treasure 2, 1GB Memory Stick, echochrome for $199 later this year.

• PSP Resistance Retribution announced. Third person action game. The Resistance is now in your hands. Uses over-the-should view. From Sony Bend, developers of the Syphon Filter PSP games.

• PSP Software highlight reel includes Loco Roco 2, Super Stardust Portable. Valkyria Chronicles on PSP!

• Life with PlayStation also on display. Will be available at the end of the month.

• First look at DC Universe Online for PS3. Experience the DC Universe as never before. Fight against or alongside favorite DC heroes and villians, like Batman, Superman, The Joker. Build your legacy against superpowered enemies.

• 80GB Core Pack at $399.99. Twice the storage capacity at the same price. New SKU, most likely will not feature PS2 backwards compatibility.

• God of War III coming to PS3! Trailer showcased.

• inFamous coming Spring 2008.

• Andy Beaudoin from Zipper's new game. (Zipper worked on SOCOM on PS2.) MAG will support up to 256 players.

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We're here with Veronica Belmont of Qore fame. She promises there'll be a "big demo" for Qore episode 3. Wonder what it'll be.

We're inside folks! Isn't it so pretty? Look at how huge these screens are. Jeff Rubenstein is playing Metal Gear Solid 4 on the stage and just got spotted. Regardless, he's still doing pretty well.

11:30AM - OMG. We just saw the Bungie (Halo) guys walk by towards the front of the auditorium.

11:35AM - OMG. Did we just start this press conference on time? Trailer featuring Killzone, Uncharted, MGS is on screen. Footage of Motorstorm, NBA, and flOwer, Resident Evil playing. Bioshock and Buzz on display. SOCOM and Madden. Star Wars and heck, even PS2 games. There's a lot on screen. It was hard to recognize some of these games because of how many were shown.

11:38 AM - Jack Tretton takes the stage. There was a "brief 12 hour" practice. Takes two years off Tretton's life. "More than happy to sacrifice my health" if people walk away happy. Talks about the importance of The Shrine, location of the conference. Kratos will be at the show. "We're just getting started." Now talking about the legacy of PlayStation and the 10 year life cycle of each PS title. Two years into PS1, Final Fantasy and Gran Turismo was "still 1 year away" and Grand Theft Auto was "still 2 years away." God of War was introduced "in year 5" of the PlayStation. It took time for migration from PS1 to PS2. Now, they're applying the analogy to PS3's transition from PS2. Talking about a "PS3 fueled" Guiness record for Folding@home and the power of the Cell.

11:44AM - PS3 is the most future-proof Blu-ray player on the market. Blu-ray victory over HD DVD. Blu-ray games, such as Metal Gear Solid 4, are only possible on the PS3. "PS3 is the obvious choice" for multimedia system with "something for everyone." We're here to talk about "genre defining kick ass games." 2008 is "all about software."

11:46AM - PS3 has more exclusives than any other platform, with 75 exclusives for North America only. We have something that no other company has -- three successful products: PS2, PS3 and PSP.

11:47AM - Resistance 2 takes the stage. Features Chicago level. Beautiful lighting and huge environments. Giant goliath rips apart helicopter. Rockets do absolutely nothing to phase this dude. Holy shit. Running into a warehouse, trying to run away from the beast. How the hell are you supposed to kill it? Resistance 2 is the biggest FPS this year.

11:53AM - Ted Price is debuting the new trailer, which highlights a new level.

11:56AM - LittleBigPlanet is a glimpse into the world of user generated content. Alex Evans, co-founder of Media Molecule, will present a Media Molecule level to present the E3 "business update." If LBP can make E3 more fun, imagine if it weren't used for business presentations!

12:00PM - PlayStation expanding into Latin America this year. On track for their records. Greatest Hits titles will be available at $29.99 retail later this year. Games include Resistance, Motorstorm, Warhawk, Call of Duty 3, Fight Night and Need for Speed Carbon, Rainbow Six Vegas, Assassins Creed, Oblivion, Ninja Gaiden.

12:03PM - 130 titles coming to PS2 in 2008. Sample includes: Yakuza, Tiger Woods, Star Wars: The Force Unleashed, Warriors Orochi 2, Singstar Pop 2.

12:06PM - Buzz coming to PS3/PSP. Limited Edition Lego Batman PS2 bundle, which includes Justice League DVD available for $149. PS2 will "keep going strong."

12:08PM - Universal access to PSN, via PC later this fall. Access Friends lists and more on your computer, even when you're not on the PS3. 180 million downloads of content downloaded since Nov 2006.

12:10PM - Ratchet & Clank Quest For Booty coming to PSN this Summer. A new concept: shorter game at a lower price. A big summer blockbuster film: it's everything you expect from a Ratchet game, and it's a continuation of the franchise. It leaves off where Tools of Destruction leaves off. You can pick up things with the wrench. Answers the questions about Clank's mysterious disappearance. Only $14.99! Insult to XBLA -- we're not interested in filling our network with games nobody wants to play.

12:14PM - New PSN games: Crash Commando, Fat Princess, PAIN Amusement Park, Rag Doll Kung Fu: Fists of Plastic (from the LBP developers!)

12:16PM - GTTV is expanding with brand new TV. Gran Turismo TV on PS3 includes free and PPV content from Polyphony and other distributors. Get an exclusive look behind the scenes of Ferrari. Content available starting August 1st.

12:20PM - Guarantee that Home will be worth it. Brings together the "ultimate social experience" for gamers. Great publisher and developer support. Game-specific rooms for Warhawk and Uncharted. Commitments from EA, Ubisoft, Nike. We'll be getting hands-on soon.

12:23PM - Movie and TV downloads. Major studio supports from Sony, Fox, MGM, Lions Gate, Warner, Disney, Paramount, Turner, Funimation will offer support for PlayStation video. Will offer SD and HD content. TV shows start at $1.99 per episode, movie rentals start at $5.99 per rental. Not only can you play the content on the PS3, you can play it on PSP. It can be placed on multiple devices at the same time. Eric Lempel offers live demo from PS Store. You will be able to switch to video store with a single button from the main Store.

12:27PM - Progressive download technology means you can watch video content within a minute. You will be able to browse by studio, see full-screen video previews. You'll be able to rent Cloverfield in HD and SD, or you can buy it in SD for only $14.99. To download a video from PS3 to PSP, you can simply hit Triangle and copy it to the PSP. You can also purchase via the PC Store. You can even output using TV out on PSP. Video content available tonight.

12:31PM - Ratchet & Clank Size Matters Entertainment Pack includes Size Matters, Nation Treasure 2, 1GB Memory Stick, echochrome for $199 later this year.

12:32PM - PSP Resistance Retribution announced. Third person action game. The Resistance is now in your hands. Uses over-the-should view. From Sony Bend, developers of the Syphon Filter PSP games.

12:34PM - PSP Software highlight reel includes Loco Roco 2, Super Stardust Portable, Patapon 2, Valkyria Chronicles on PSP.

12:39PM - Google partnerships detailed. Record directly from MLB, and upload directly to YouTube, owned by Google. Life with PlayStation also on display. Will be available at the end of the month.

12:40PM - DC Universe Online will be showcased. From SOE: The Agency, FreeRealms -- all MMOs coming to PS3. Jim Lee arrives on stage by levitating out of the floor.

12:44PM - First look at DC Universe Online for PS3. Experience the DC Universe as never before. Fight against or alongside favorite DC heroes and villians, like Batman, Superman, The Joker. Build your legacy against superpowered enemies. Become the ultimate superhero.

12:46PM - 80GB Core Pack at $399.99. Twice the storage capacity at the same price. New SKU, most likely will not feature PS2 backwards compatibility.

12:48PM - Video of developers saying that they're used to the PS3. Now they're using the SPUs of the PS3. "The SPUs are much more important. They just tear through everything." "Sony made a lot of forward-thinking decisions with the PS3." Tons of hype over Blu-ray and built-in hard drive.

12:52PM - 2008 is the year of the PS3. Video showcases many familiar games, such as LittleBigPlanet, and MotorStorm, Resident Evil 5, NBA 09, Buzz, Killzone 2.

12:55PM - God of War III coming to PS3. Trailer showcased. "In the end, he will suffer. In the end we will triumph ... in the end there will only be chaos."

12:57PM - inFAMOUS on display. You roam the open world as a superhero and it's up to you to save the city. New trailer on display." Initial blast vaporized everyone ... except me. Outside of the city fell apart. Inside, inside me ... something was beginning. The force I'm learning to control. The question still remains: why did I still survive?" Looks absolutely stunning. Do I fight the darkness I unleashed or be consumed by it?" Spring 2009.

12:59PM - Andy Beaudoin from Zipper's new game. (Zipper worked on SOCOM on PS2.) MAG will support up to 256 players. Squad-based shooter combined with character growth. First trailer shown.

It's done.