For the past few days rumor mills were crunching the possibility of a €399(Euro not Dollar) PS3. Today Sony officially at London confirms this in fact is true. Its will be launched throughout all the SCEE territories” on October 10th for €399 ($565).

But before you gets hands on one of these mind it only comes with just a pair of USB 2.0 ports rather than the usual four, no multi-memory card port and it no longer backward compatible with the PlayStation 2 titles.

If you can compromise on these few not so useful features you get a pretty good deal. The existing “60GB PS3 Starter Pack” will drop to €499 ($707), but till stock lasts. The possibility of a 40GB US version seems eminent in few weeks if not days.

Press Release
[Via PS3Fanboy]