It’s now… official. The 40GB PS3 model will launch November 2 here in the states with a $399 price tag, along with a $100 price cut on the 80GB model, bringing the total cost down to $499. Who knew!

As with the European launch before it, the new 40GB model will lack backwards compatibility with PS2 games, as part of the company’s focus towards the PlayStation 3 consumer.

Sony Computer Entertainment America Announces New 40GB Playstation(R)3 (PS3(TM)) Configuration and Price Reduction Of Current 80GB Model

New 40GB Model to be Available in North America on November 2nd for $399; Effective Immediately, 80GB PS3 to be Priced at $499

FOSTER CITY, Calif., Oct. 18 /PRNewswire-FirstCall/ — Sony Computer Entertainment America Inc. (SCEA) today announced plans to introduce a new 40GB model of its PLAYSTATION(R)3 (PS3(TM)) computer entertainment system. Beginning November 2nd, to further enhance the HD entertainment experience,
the new 40GB PS3 model will come bundled with the blockbuster movie Spider-Man(TM) 3 Blu-ray Disc(TM) (BD) from Sony Pictures Home Entertainment, and will be available in North America for a suggested retail price of $399 (USD/CND). The company also announced that effective immediately, the current
80GB PS3 model will be available in North America for $499 (USD/CND), $100 below the original launch price.

“We’re pleased to offer the consumer a lower price point without sacrificing the core technology components that make PS3 the most advanced high-definition entertainment system available. Every PS3 comes with a Blu-ray drive, HDMI output, an integrated Wi-Fi connection, Cell Broadband
Engine and a built-in hard-drive,” said Jack Tretton, President and CEO, SCEA. “This holiday season we’ll be able to offer attractive retail pricing with a broad portfolio of outstanding games including Ratchet & Clank(R) Future: Tools of Destruction(TM), THE EYE OF JUDGMENT(TM), Uncharted: Drake’s Fortune(TM), Heavenly Sword(TM), Call of Duty(R) 4: Modern Warfare, Assassin’s Creed(TM), Haze(TM) and RockBand(TM).”

The new 40GB PS3 will no longer play PlayStation(R)2 titles, reflecting the availability of a more extensive line-up of PS3 specific titles. Consumers looking for backwards compatibility can take advantage of the limited PlayStation 2 backwards compatibility of the 80GB PS3.

PLAYSTATION(R)3 40GB Specification

Product name PLAYSTATION(R)3
CPU Cell Broadband Engine(TM) (Cell/B.E.)
GPU RSX(TM)
Sound Dolby 5.1ch, DTS 5.1ch , LPCM 7.1ch, AAC, others *1 *2
Memory 256MB XDR Main RAM, 256MB GDDR3 VRAM
HDD 2.5″ Serial ATA 40GB
I/O USB 2.0 x2
Communication Ethernet X1 (10BASE-T, 100BASE-TX, 1000BASE-T)
IEEE 802.11 b/g Included
Bluetooth 2.0 Included (EDR)
Wireless controller (Bluetooth) Included
AV Output
Screen size 480i, 480p, 720p, 1080i, 1080p
HDMI OUT x1 *3
AV MULTI OUT x1
DIGITAL OUT x1 (OPTICAL)
BD/DVD/CD Maximum Read Speed BD 2x (BD-ROM)
Drive DVD 8x (DVD-ROM) (Read Only)
CD 24x (CD-ROM)
Dimensions Approximately 12.75in(W) x 3.86in (H) x 10.8in (D)
Weight Approximately 11 lbs

*1 A device compatible with Linear PCM 7.1 Ch. is required to output 7.1 Ch. audio, supported by Dolby TrueHD or a similar format, from the HDMI OUT connector.
*2 This system does not support output from the DTS-HD 7.1 Ch. DTS-HD 7.1 Ch. audio is output from a 5.1 or lower channel.
*3 “Deep Color” and “x.v.Color (xvYCC)” defined by HDMI ver1.3a are supported.

Read more: PS3 80GB Dropping To $400 In September, Will Replace 40GB, It’s More than Official – PS3 20GB with HDMI, PS3 40GB Uses Cooler, Smaller Chipset Design, Blockbuster Cutting PS3 40GB Price September 28, SCEE Confirm PS3 Price Drop, 40GB Model