Ps3: Yours For 500 Euros

George Fornay, senior vice-president of SCEE and president of SCE France, has revealed that the company's next-gen console PlayStation 3 is still bound for simultaneous launch, including Europe, this November and that the machine is expected to retail for around 500 euros - well, it'll fall somewhere in the 499 to 599 euros range anyway, apparently.
Speaking on French radio Europe 1, as reported by numerous French gaming sites, Fornay admitted that the price point could be considered high for a console - however, he was keen to point out that it's peanuts when you consider the PS3 is a high-definition platform, fully supporting the Sony-backed Blu-ray disc format.

Looking over at the well-worn CVG exchange rate abacus, we've calculated that 500 euros roughly equates to around 350 of our Great British pounds. Whether this pound value is an accurate representation of the PS3's final UK retail price when it hits stores this Autumn remains to be seen.