PS3 never to be successful-Howard Stringer

Sony CEO Sir Howard Stringer had a light-hearted chat with German news source Welt Online. He revealed that the $3 billion spent on developing the PS3 probably won't be recovered; well, "Not for as long as I live" .

You've got to wonder at the enormous amount of money Sony spent on its console, even though we're now pretty happy with the end result. I'm not sure Sir Howard is not playing a hand close to his chest here. Sure, that $3billion is never going to earned from hardware sales of the PS3 - or at least not until it reaches PS2 levels of sales. Even though Sony won the latest high-definition format war(although Blu-ray hasn't pentrated the Media the way DVD did) it succeeded in the same way as DVD. The PS3 was absolutely fundamental to that victory and the revenue that it will generate for Sony in the long term can only be guessed at.

80GB PS3 model on it's way to Europe!!

Have you bought a PS3 already?- obviously YES....wait a minute....you haven't have you? Well then buckle up and be ready for August 27 because that's the day when the 80GB PS3 will finally hit Europe-really really hard.

The price you'll pay for an 80GB model is £299, or 399 euros(for the ones who are poor at currency conversion). On the other end of the table...if you are pondering what you would do if that 40GB extra hard disk space..oh! wait a second! you can download videos from the PlayStation Video Store!!! Right? Well, not really...here's some bad news for you- Sony has confirmed that the Video Store won't be available for PAL regions any soon....however Howard Stringer has made the commitment that it will come to all regions in "due course". Blimey!

Howard Stringer considers the Wii as a niche product..?

"I've played a Nintendo Wii," Stringer said last week at a conference in Idaho. "I don't see it as a competitor. It's more of an expensive niche game device. We're selling a lot of PlayStation3s now and it's still the best way to buy a Blu-ray player."

Stringer claimed that the Wii is not at all a rival to the PS3 it neither has Blu-Ray player nor Internet access. Good ol' Stringer, he's so excited about the E3 that he wants to start a fight already.

This might one of the first E3 conflicts between the three giant console makers.