Sony may be trying to steal some thunder from the Xbox 360 launch of Halo 3 as they are expected to release a $399 40GB PS3 as well as a $99 price point for the PS3 at TGS.

It is a big task to try and steal anything away from Halo 3 but Sony may have to try to do it at the Tokyo Game Show if they hope at all of catching Microsoft and the Xbox 360 this generation before they pull away.

Analyst Pachter stated "We think that both of these ideas have merit, and note that Sony Computer Entertainment president Kaz Hirai is the keynote speaker at next week’s TGW. If the rumors are true, we cannot think of a better forum for making such an announcement, given the event is less than a week before the launch of Microsoft and the Xbox 360’s Halo 3."

He also stated that the 80GB PS3 would receive a price drop to $499 once Sony clears out the stock of 60GB PS3 units which is very close.

Another PS3 price cut beyond that is expected in April 2008 which may drop the 80GB version to $399 and the 40GB version down to a mass-market price of $299.

We will have to wait and see but with all this news of price drops, I think it’s about time we get some games to go with them! Bring on TGS!