Update: We’ve been told that the Core Pack will not include backwards compatibility.

Sony Computer Entertainment America CEO Jack Tretton today announced that the price point of the 80GB PS3 model will permanently drop to $400 dollars this September, replacing the current 40GB pack.

Tretton stressed that the new 80GB Core Pack will become Sony’s primary PS3 model, offering “all of the same features and functionality” of the 40GB. Hrm, does that mean no backwards compatibility with PS2 games? Maybe. We’ve dropped Sony a line to find out.

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Read more: 80GB PS3 Confirmed For Europe, Hits August 27,  Rumor: Bigger, Better, PS3 Dual Shock 3 Bundle Incoming, Will Replace 80GB Model,  SCEE Confirm PS3 Price Drop, 40GB Model,  Blockbuster Cutting PS3 40GB Price September 28,  Uncharted PS3 Bundle Drops This Fall, Includes 160GB HDD