The PS3 could face shortages during this holiday season if the current sales rate continues, according to SCEA chief Jack Tretton. He brags that PS3 sales have tripled since the price drop to $300 and the new slim redesign and says that it’s “conceivable” that these sustained sales could lead to some stores running out as demand outpaces supply.

The price drop alone has led to the PS3 outselling the Xbox 360 and the Wii. We’ll see what happens. Microsoft’s matching price drop for the Xbox 360 Elite might offset the discount, as well as the impending Wii price cut.

Deny everything. That’s Sony’s stance on plans of a 250GB PS3 bundle for the US. Problem is, the rumors just keep on coming. According to Joystiq, the inventory screen shown above is from a supposed Norwegian GameStop employee. It shows five different 250GB PS3 bundles.

Specifically Ratchet & Clank, Assassin’s Creed 2, FIFA 10, Need for Speed: Shift, and Uncharted 2. Prices are apparently the same for each (an $85 increase over the standard 120GB model).

Well looky here. We just got news of an 250GB Xbox 360 and now this. A leaked image of a PlayStation 3 slim bundle for Uncharted 2 that also sports a 250GB hard drive.

According to Engadget, they have confirmed that it’s legit, but other than that, there’s no word on when it will be announced or any info on a price or release date. A good guess would be that we will see it hit retail in mid-October alongside Uncharted 2, but no one knows.

Looks like Sony’s PS3 Slim is paying off for the company. Sales of PS3 hardware at “top retailers” jumped 300% for the first week of September compared to the week before the system’s price was cut to $299 for the “slim”.

Yes, people are actually buying the console. This news surely makes the folks at Sony feel all warm and tingly, but that’s not it for good news. According to a survey by GamePlan Insights, five of consumers’ top 10 most-wanted games are actually on the PS3 (Gran Turismo 5, Final Fantasy XIII, God of War III, Assassin’s Creed 2, and Call of Duty: Modern Warfare 2).

Well, that didn’t take long. ColorWare is bringing PS3 Slims to life with a rainbow of colors. They aren’t just colorizing the console, but the controller as well. You can customize the color of the PS3 logo, the top of the console, or the bottom. That way you can make it look super funky.

Once it’s been colorized, everything is high-gloss and scratch resistant, so it’s more than just a paint job. If you want to send yours in, it will cost you $149 or you can just buy one from them for $449.

Looks like the love affair with HD DVDs is finally and completely over. Toshiba has hammered the final nail in the coffin with the BDX2000 Blu-ray player and thrown their HD DVDs out on the lawn. You can expect the following specs:

BD-Live (Profile 2.0), 1080p/ 24 fps Full HD Video Output, AVCHD Playback, Toshiba REGZA-LINK (HDMI-CEC), Support for enhanced audio formats from Dolby True HD and DTS-HD Master Audio, Bonus View, SD memory card slot and it’s ENERGY STAR Certified.

Forget the PS3 Slim. This is the kind of PS3 you want. The only game it plays involves you shoveling cake into your mouth as fast as you can.

The controllers are made from rice crispy treats, so forget mashing buttons, you’ll be mashing your teeth into them like a madman as you slide ever closer to a diabetic coma. And even though this confectionery console may not have a slew of worthwhile games at the moment, the ones it does have are delicious.

As expected, the rumors were true. This Friday, the Xbox 360 Elite will drop $100 to $300 with no HDMI cable included. While the mid-range 360 Pro will drop down to $250 from $300. The Pro will also be phased-out at this price.

Then there’s the $300 120GB Elite and the $200 Arcade, which comes with five games and 256MB memory. Let the war begin. Sony’s new PS3 Slim is the same price as the Xbox Elite. And the 80GB and 160GB PS3s are now cut to $300 and $400.

If you’ve been putting off that pre-order for the new PS3 Slim, you might want to get moving on it. Amazon US has warned of shortages for the new slim PlayStation 3 when the system launches next month. It’s limiting Slim sales to just one per person per household.

It’s five-Slims-per-person in the UK, which doesn’t seem fair to us. Sony in Europe isn’t worried, since it has “trucks and trailers” of the new console already on the road . Are they taking a page from the Wii playbook and spiking demand? We’re not sure. All we know is that you best get your order in.

You know that Sony loves those bundle packs. Well, it looks Gundam will be the first franchise bundle to hit the PS3 Slim. The Japanese only box will include Kidou Senshi Gundam Senki and the pack also includes product codes for FA-78-3 Full Armor Gundam and RX-81AS Assault Armor DLC packs, and an original HD animated Gundam film.

It will be available on September 3rd with the PS3 Slim, priced at 38, 359 Yen, which is 50 Yen less than the cost of the console and game separately. Yeah, if you did the math, that’s only about 53 cents. Thanks Sony.

Those rumors of a price cut coming from Sony on the PS3 have been swirling for months. There have even been lots of game developers that have pressed Sony to cut the price of tits console but Sony has kept insisting no price cuts were coming.

Sony is expected to make a big announcement at Gamescon today. The expectation is that the PS3 Slim will be unveiled and the PS3 will get a price cut. Kmart has jumped the gun, placed the PS3 slim up for preorder, and has run an ad that talks about the new lower price PS3.

French gaming site JVN today claims to have confirmed Sony’s slim PlayStation 3 through an unnamed retailer in the country. According to the source, wholesalers expect the slimmer, redesigned PS3 in September along with a price drop of 100 Euros to €300.

These new systems would come stark raving “naked,”… Without games. And stores haven’t been told what’s included in the hardware. Speculation is that a 120GB hard drive will be stock. If this pans out and Sony loves America, US pricing would drop from a minimum of $400 to $300.

Some leaked packaging images suggest that only two models of the Xbox 360 will be available in the future. Depicted in the above photo are current and planned boxes for the 360 Arcade; the latter box lists only one other 360, the 120GB Elite.

The Pro, in production since 2005, is MIA. It’s typically the best-selling Xbox system. The photo backs up earlier reports that Microsoft is phasing out the Pro. Game bundles may help clear out earlier stock, after which the Elite’s price is expected fall to that of the Pro in September.

We’ll leave it up to you to decide if this video is real or fake. It shows off a purportedly “stolen” PS3 slim at a street market in the Philippines. You decide.

If real, the PS3 Slim certainly looks like one sexy beast. Nothing too Earth-shattering here though. The video below suffers from glaucoma and shows a black plastic box with the new rounded-off logo style from the PSPgo.

Great news. It’s not exactly a price cut, but it looks like Sony may be about to offer one of its best deals to date to PS3 customers, with some help from Best Buy. Apparently, this is an effort to clear out the 80GB PS3s once and for all (to make way for… the PS3 slim?), Best Buy will selling a bundle that includes the console, Metal Gear Solid 4, and Killzone 2.

All for the usual price of $399.99. Not a price cut, but you get a lot more for your money. This bundle is supposedly set to go on sale as soon as next Sunday. Some of them have apparently already made their way into the stores’ back rooms.