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According to our ever so sexy counterparts, Kotaku, both versions of the Japanese PS3 will not be bundled with HDMI cables. Rather they will have the bare essential cables bundled. Those cables being a power cable, USB cable, Ethernet cable and composite cables. No, not component, just a single, little yellow composite cable for the revolutionary PS3 out-of-the-box graphics.

Bundled Japanese PS3 Cables Are Way Low Tech [Kotaku]