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The overpriced PS3 is about to get a price cut, to the tune of $100. The $499 price has been spotted on ads on certain websites as well as this weekends Circuit City flier. The new lower price also includes the 5 free Blu-ray movies offer Sony is tossing in with every purchase.

There is no official word from Sony is this price drop will stay but you if wanted a cheaper BluRay player, this may be the week to grab one.

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