PlayStation 3 at $499 & Up?

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PlayStation 3 at $499 & Up?

Sony and Microsoft used to compete head to head in video gaming consoles, but with Sony announcing PlayStation 3 prices at $499 (basic) and $599 (souped up), they now seem to be at a major competitive disadvantage with Microsoft on a key issue -- price.  Xbox 360 is at $299 and $399.

And where does the new Nintendo box fit into all of this?

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