Although Sony has yet to confirm a price drop officially, GameDaily BIZ has received confirmation from the retail sector that the PS3 will be dropped to $499 on 12 July. Sony’s perennially overpriced PS3 is about to get a welcome pricebreak to the tune of $100, at least according to a scan of an upcoming Circuit City advertisement leaked onto the interwebs. That puts the console at $499, and with the 5 free Blu-ray movies Sony is tossing in with every purchase, there’s never been a better time to buy.

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