That's $429 from an originally planned $515. Don't get your hopes up. This price drop, announced at the Tokyo Games Show, is officialy for the Japan model only. That's actually enough for us to guess that the US price drop is a sure thing. But this is for the Lame-o basic version, that we wouldn't look twice at. Nuh uh, not even with beer goggles. Oh, some really cool news, though— HDMI 1.3 (deep color) standard on all models.

Sony: PS3 20GB Gets Price Drop in Japan [Kotaku]