Everyone is just guessing right now, but it looks like the Playstation 3 might debut at around $400 in Japan. This makes sense to me as the Playstation 3 should be on even footing to fight against the Xbox 360 and its $399 price point.
1Up with the story:
In the past months, the Japanese blog CoolGamer has been a dependable source of early information regarding the Japanese game market. Not once has their news turned out to be a false lead, so that’s why it was pretty important today when the site updated with a small notice saying “PS3 price set below 40000 Yen,” which is about $400 at current exchange rates.
In the update, the blogger writes, “In the latest Famitsu, a very important person mentioned that the PS3 price would not be over 40000yen”. This information correlates to a previous comment from a Sony rep a few months back, who mentioned the same price.