The new price point is a whole lot better than the previous guesstimates that put the PS3 somewhere between £400 - £600.

I'm a Nintendo Fan 1st, but always own two home consoles (currantly Gamecube & Xbox).

Have not yet invested in Next Gen (unless you class DS as Next Gen) but will take PS3 over Xbox 360 if this turns out to be true.

Thanks for the news flash Drunken Ninja