I know there have been rumors floating around, but I guess Sony officially announced this for North America.
http://news.yahoo.com/s/ap/20071018/...ny_playstation
The entry level once isn't priced too bad considering it has a built in Blu-Ray player and comes with a free Spiderman 3 Blu-Ray. For $100 more you get all the bells and whistles plus a free game (Motorstorm).