[Squeek]

In a radio interview with Générations Europe 1 yesterday, George Fornay -- president of Sony Computer Entertainment France and vice president of Sony Computer Entertainment Europe -- let a little something slip: the PlayStation 3 will cost between €499 and €599. That's somewhere between $613 to $736 in American dollars! He was sure to point out that while this might sound like a lot of money for a game system, it was in fact cheap for a Blu-ray compatible playback system.

Good luck.

Edit:

Fortunately for U.S. gamers (and unluckily for Europeans), no console manufacturer ever bases the price of its consoles on the currency exchange rates. The chances are that the US dollar figure of the PS3 will be equal to or lower than the euro numbers, not in line with the currency exchange rate. Don't believe us? Check out the Xbox 360's European pricing. For some reason the Xbox 360 price in U.S. dollars is identical to the price in euros -- working out to a €60 or €80 premium depending on which console you purchase.

Still looking at $500 to $600.

~Squeek