Will 40Gb PS3 be $349 in the US?

[SkantDragon]

Sony just announced its pricing for the 40Gb model in Japan (in white!) at 39,980 yen.

That's about $340 dollars.

Now the rumor has been that the 40Gb PS3 will sell for $400... but the announcement has been for 400 _euros_ in Europe. And European pricing has always been way higher than US pricing.

As far as I can tell, up to this point, Japanese PS3 pricing has been largely similar to US PS3 pricing.

So does that mean the US 40Gb PS3 could actually see a sale price of $349 or even less?

If it was so, I think both 360 and HD DVD camps will piss in their pants. And justly so.