Sony announced a global PlayStation 3 price cut at GamesCom on Tuesday so there's never been a better time to pick up the console.
But before you excitedly shuffle off to your local store or online retailer of choice, take a few moments to check out our round-up of the best deals available right now.

Play.com has the 120GB and 160GB versions of the console on their own for £185.99 and 189.99 respectively. But your best bet is probably one of its bundles. For £234.99 you can pick up the 320GB console along with the PlayStation Move: Starter Pack. Or for the same price, you can choose the console with Uncharted 2 and Killzone 3, or Ratchet and Clank: A Crack in Time and ModNation Racers.

GAME has also put together a few pretty good bundles for in-store pick-up. The PS3 320GB with Ferrari Challenge, FIFA 11 and either Infamous 2, Killzone 3 or Motorstorm will set you back £249.99. If that doesn't win you over you can pick up a 160GB Slim for £179.99 when purchasing any new or pre-owned game or opt for a 320GB Slim for £229.99 when buying a new or pre-owned title. Trade in an original PS3 you'll get £100 trade-in credit towards a new Slim model.

Amazon has three pretty good bundles on offer. A 320GB console with inFamous 2, Virtua Tennis 4 or LittleBigPlanet 2 is priced at £215.20.http://www.computerandvideogames.com...ing-price-cut/

If you're after Gran Turismo 5 with your PS3, GameStop has you covered. It's selling the 320GB model along with Polyphony Digital's beautiful racing sim for £234.97.

Those are some of our best picks, but if you stumble on any particularly good PS3 deals be sure to tell your fellow CVG buddies in the comments below.