PS 3 fans will be thrilled to hear that the long awaited price drop is finally here. PS 3 can now be bought from Kmart for just $299.99, not $399.99 as it used to. Although Sony did not make any official announcement, an ad on Kmarts official websites confirms the new price tag for the PS 3. Further more, the ad apparently announces the arrival of the brand new PS 3 Slim.

There seem to be price cuts on both the 80GB and the 160GB PS3s. The 80GB PS 3 now costs $299.99, while the 160 GB PS 3 has a higher price tag of $399.99. If some of you are wondering why this price cut, we want to remind you of the current crisis in which the worldwide economy is. This is a clear sign that Sony is attempting to increase its profits.

Although very good news for the PS 3 lovers out there, this price cut shows that economy is very unstable and that even the large corporations are currently feeling some chills. They need to sell, and they need to sell a lot to keep their heads above the crisis!