Newsflash – the PS3 is still expensive.

Just a brief note on what’s becoming an old story quickly.

According to Digital Battle, (quoting Impress watch), Sony spoke with reporters following a TGS press event, and dropped word that PS3 games will retail in Japan for about 8800, to 9800 yen.  This works out to be in the $75.00 to $80.00 range.  The story notes Sony’s statement that prices might not be as high in the US. 

Obviously, Sony is citing the increased development costs in it’s price boost, but we have to ask whether these prices will hold just for first party exclusives, or if we’ll see a price delta on cross platform titles, with the 360 getting the same game cheaper.  If this is the case, I’m hoping all the intrepid economists out there can figure out which console is going to sell more games.