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There are reports trickling in that the Playstation 3 is now selling for the slightly reasonable price of $499. The facts indicates that both Circuit City and Target have implemented the price cut that was rumored to be announced by Sony at this year's E3. If you're in the market for a Blu-ray player that's currently aspiring to be a game console then it might be time to invest in the PS3.

HighDefDigest.com is reporting that the Blu-ray Disc Association on July 1 will begin offering a "five free discs" deal with the purchase of any new Blu-ray disc player. Between July 1 and September 30, consumers who purchase any new Blu-ray player (including the PlayStation 3) will automatically qualify to receive five free Blu-ray movies (out of a total selection of twenty-two titles).