Earlier today we reported on an advertisement from Circuit City that listed a new price point for the PS3 60 GB version – $499.

Now, “a merchandising manager (who wished to remain anonymous) at one of the world’s biggest retailers” has told GameDaily that the price drop is indeed retail-wide and it’s scheduled to be effective on July 12. Store ads promoting the new price drop won’t hit till Sunday, July 15.

Report: PS3 $499 on July 12 [GameDaily]

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