Finally, Sony has given us the answers we have so desperately needed. The PS3 will be released on November 17th 2006 in two versions - a $499 model with a 20GB hard drive and $599 for a model with a 60GB hard drive.
Expect more news about all things PS3 from the 2006 E3 expo. Coverage begins May 10th.
Click here to read the full press release - including PS3 specifications.