Quote Originally Posted by Thunder God
Yes, but the system is still in development and things have likely changed by now. The newest price estimation is $499 for low memory and $599 for higher memory, but that could change again.
Quote Originally Posted by roto13-ness
Source?
Here

And for those who can't be bothered to click on a link... The part he was talking about.

When the PS3 launches this November, it will be available with a 20GB hard drive for $499 or a 60GB hard drive for $599. As an example of built-to-order possibilities, Kutaragi indicated that larger 120GB hard drives could be available as early as next year.
That should clear it up. For the gamers who don't really want a massive computer in their system, this should prove well. It'll also get rid of most memory card worries.

Like I've said in other threads, the PS3 should win. I just tgink that they have a more solid selection of titles then the others for them to lose. But I do beleive that the Wii could do it so thats the one to look out for. No matter how many graphics and game titles the PS3 may have the new gaming innovation (as stupid as i find it to be) and better prices could just be the downfall of the PS3.