Sony has announced the release of a new iteration of the Playstation 3 that comes with a number of 'essential' changes.
First of all, the controller will drop the motion sensing and vibration technology, as well as a few joysticks. An official Sony spokesperson explained that "Europeans traditionally have smaller hands so joysticks are not needed. As for the motion and vibration sensing, that will not work in Europe anymore anyway".
Secondly, the Cell processor is being replaced with the powerful Pentium II processor from Intel and the RSX Graphics synthesiser will change to the impressive 32MB ATI Radeon 7000. This was explained in a Sony press release as "An effective way to cut costs without cutting the retail price of the console".
The new Playstation 3 will retail at just £249 (GBP) in Europe, the same price as the old one.
It is expected that Sony will have as many as 29 units available for launch.
The new PS3 will of course be competing with Microsofts Xbox Live console and the Nintendo Wee, which have sold over one hundred billion units worldwide since their launches.