In a move made almost mandatory by the recent announcement of the PS3 Slim and a $100 price cut by Sony, Microsoft announced Thursday that the price of the Xbox 360 Elite, the high-end model with a 120GB hard drive, will be dropped by $100 to $299.

At a a press conference in Cologne, Germany at the GamesCom Expo on Tuesday, Sony confirmed a newer, slimmer PS3 is coming. It will release in the first week of September.

As part of yesterday's in-depth analysis of new Nintendo-published graphs on the state of the market, Gamasutra has calculated the attach rate (also known as 'tie ratios' -- the number of games sold per console) for both first and third-party titles on Wii, PS3, and Xbox 360.

Xbox 360 worlds most gamer equipment is now the top video game seller beating Wii and PS3 in the number of equipments sold.

in us again the company made 10 million sales so that's a great achievement said Microsoft. The company even though there is a lot of compition from both wii and ps3 according to Microsoft.

PlayStation 3 Burnout Paradise players: are you stuck on finding that last Burnout Billboard while playing the PS3? How about another Super Jump location, or those damned yellow shortcut Smashes?

Just in case you missed our update in the original post, Konami has come out with an updated status on the Metal Gear Online beta.

Grand Theft Auto IV, one of the biggest and probably most anticipated video games of the year is finally making it to the shelves at the end of April. "Grand Theft Auto IV" will hit the shelves on April 29.

Here are some of the other new features and enhancements that will be included in Firmware v2.20 as PS3 system update is ready.

Video game console sales in February 2008, according to research group NPD, showed a 19% increase in units sold year-over-year, with Microsoft’s Xbox 360 selling the fewest among what is still, more than two years after its introduction, called the “next gen” console market.

PS3 Owners Will Soon Enjoy Downloadable Movie Content, Games and More As Sony Says PS3 Will Support Support New Interactive Blu-ray Movie Features.