At a press conference in Japan , Sony president Ken Kutaragi revealed that PS3 will be released on November 11,2006 worldwide.

A must buy for all as it has lots of other features. It is capable of playing both DVDs and CDs. Better still; it also plays PSOne and PS2 games with hi-res re-texturing.The system is supported by 60 GB HD pre-installed too.
So cut down on those unnecessary expenditure and get your PS3 for Christmas holidays. It is going to cost you not less than about $425 (U.S.).