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Just to keep members informed, here are the differences between the two Playstation 3 consoles that Sony intends to release.

Sony will release two verions, though most of the first to arrive will be the Premium flavor. The basic version may not be sold in some countries, notably, Europe.

The premium will release at $599 USD and will feature a new cell processor, Blu-Ray drive, a 60 GB HDD, 6 USB ports, bluetooth controllers (up to 7), wi-fi for PSP connectivity, ethernet connection for networking, a slot for memory cards, and a port to hook up a HDMI lead for 1080p output.

The basic version will release at $499, and will have a 20 GB HDD and be lacking wi-fi, memory card slots, or, the largest concern, HDMI output. Otherwise, it's feature list is the same as the premium, though the casing of the premium may be slightly different to visually tell the difference.

The Playstation 3 releases in the US and Europe on November 17, slightly after the November 11 Japanese release.

Source and Specs

Thanks greenfrogthing77!

It's not fair that they release the expensive one in Europe. I'm not from there, but I feel sorry for them.

So they lied... both consoles will indeed have different proccessing capabilities.

Not from what I understand. The differences are listed on the Core model. Everything else about the premium is the same.

I'm just curious about how many people would buy the basic version, if i ever buy a ps3, it would be for the crazy graphics and power and stuff, so paying 499 for something weeker than what it could be? that's maybe just me though.

no memory card slot on the basic? did i read that right? it seems stupid.

if its like that There Screwed and Forcing people to buy the 499 one

I thought sony was going to do good but now the suck. I bought a ps1 and a ps2 but with the price of the ps3, pfft I'm getting a wii. I'll be able to use wifi and it'll be cheaper. Nintendo is going to pass microsoft and sony!

If you are going to get ps3, get the better one. ITS A LOT BETTER FOR THE $$$$ All reasons above prove it. It would be pointless to buy the cheaper one.

Yes, true.
Ps3 thought they had everyone in a lock with high prices.