Sony has announced today that the 40GB Playstation 3 that was recently announced for Europe and Japan will indeed be coming to the US this fall as well. The new 40GB PS3 will retail for $399 and start selling on November 2. It looks like it has the same configuration as the other releases as well including the lack of backwards compatibility for PS2 games, no memory card reader and two USB ports short. No word on a white version of the console for the US, but the 40GB PS3 will also come bundled with Spider-Man 3 on Blu-ray disc.

Sony states in the press release that those wanting backwards compatibility should look to the 80GB model which is also receiving a price cut effective immediately. Sony has given the 80GB PS3 a $100 price drop from its original launch price of $599, pricing it a $499 today. We can never complain about price drops but even with the cut the PS3 is still the most expensive latest-generation console on the market compared to its rivals Wii and Xbox 360.

via Gizmodo