Sony Computer Entertainment Europe's David Reeves stated that the 60GB PS3 is going the way of the 20GB model and being discontinued in late July in favor of the 80GB version, meaning that the console is still $599 American.

But that is only half of the story here. I have a very good source within a major Canadian retailer that guarantees that despite the lack of a cut at E3 this week, the Xbox 360 will drop $100 Canadian across all SKU's. When? Sooner than you think. AUGUST 1ST.

If true, Microsoft is definitely turning up the heat this holiday.

UPDATE: So very, very true. Although I was a week off, all the Digg haters can suck my nadz! Much love to Electro Lemon for the benefit of the doubt.