E3 2005: PS3 Price Revealed? One of the most expensive consoles ever created, according to Japanese reports. by Matt Casamassina May 17, 2005 - According a an article published in the May 17th edition of Japan's Mainichi Shimbun, the PlayStation 3 could be one of the most expensive mass-market videogame consoles ever created. Officials from Sony apparently told the newspaper that PlayStation 3s would sell in Japan for "less than 50,000 yen each." That translates to about $465 US dollars. Sony unveiled its next-generation console at the Electronics Entertainment Expo 2005. The beast of a machine utilizes the powerful Cell processor, a custom-designed graphics chip by Nvidia, and 512MBs of RAM for a quantum leap in performance. The system will also be the first-ever to support high-def movie-playback out of the box, taking advantage of the upcoming Blu-ray Disc format. Sony claims that PS3 will be roughly 35 times more powerful than PS2. If Mainichi Shimbun is correct, gamers will be asked to pay a hefty price for the high-end functionality. IGN was unable to validate this news with Sony officials. Stay tuned for more as the story breaks.