Sony Announces $399, 80GB PLAYSTATION 3 Bundle

During the E3 Media & Business Summit today, Sony announced that it is returning back the 80GB PS3 to the market in September, but this time with a new price of US $399.99. This move is probably dictated by the Xbox 360 price cut which became official two days ago. The 80GB "Core Pack" PLAYSTATION 3 as it will be called will offer all of the features and functionality of the currently selling 40GB model, but with double the storage.