Late last week Sony officially announced that a new, 40GB PlayStation 3 model would arrive in Europe with €399 price tag. In addition to the lower capacity drive, the new model drops two of the PS3's USB ports and its memory card slots. More importantly, it also lacks backwards compatibility with PlayStation 2 games—an omission that has irked some.
Prospective PlayStation 3 buyers will at least have a more affordable option this holiday season. In fact, you'll reportedly be able to get your hands on one of the 40GB systems starting October 10, that is if you live in Europe. Thus far, the new model has only been announced for that territory, with the device rumored to appear in the US on November 2.