A leaked internal memo shows that Blockbuster will be lowering the price of the entry-level 40GB model PlayStation 3 this weekend. Kotaku was able to get a screenshot of the memo, which clearly shows a new price of $360. Also, the store-exclusive Spider-Man 3 Blu-ray/Transformers video game and HDMI cable bundle will drop to $460.
This may seem like a decent bargain, but remember that $40 more will double your hard drive capacity to 80GB. (Confusingly, the "old"
In addition, we can't really advise anyone to opt for the HDMI bundle either, as we all know how cheap you can find one of those cables online.
A Sony-initiated price drop does seem likely in time for the holidays, especially after Microsoft recently lowered the prices of the entire Xbox 360 product line.
Note: this post was updated to clarify the difference between the old and new 80GB PS3 models.