Remember that PS3 price cut announced at Gamescom? Well it looks like it has gone and hit the UK, with Sony confirming a global PlayStation price drop.

UK PS3s will now be priced in at £199 for what is presumably the 160GB model. has the 320GB offering up on sale for £215.20, with a bundled game thrown in for good measure.

The rest of the world can enjoy picking up a PlayStation 3 on the cheap, with it hitting either $249, €249 or 24,980 Yen in the respective countries. 

The end of generation pricing wars have begun then. Next up, likely the Wii, which is set to make a new even slimmer appearance anytime soon

Update: Game has started posting PS3 pricing and has gone bundle crazy. A 320GB console will set you back £249.99 with three games thrown in for good measure (Ferrari Challenge, FIFA 11 + either Infamous 2, Killzone 3 or Motorstorm). The 160GB option is priced in at £179.99 when purchased with any new or preowned game. 

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Hunter Skipworth

The baby of the Lint team, Hunter has been a tech fan since he bought his first MiniDisc..and what a waste of money that was. He began writing about electronics at the age of 16 and hasn't stopped since. Nowadays he fulfils his mobile phone and gaming obsession whilst attempting to distract people from his bizarre name. Regular meetings with the Gladiators crew see Hunter often returning to work battered and bruised. Considers himself a music obsessive, was once the most highly decorated scout in the country. Fan of trousers.