According to several game sites, Sony just announced a price cut for the 20GB version PLAYSTATION3! And that’s not all, in addition, they’ll add a HDMI port!

The new price for the 20GB ver is 50,000 yen, which is around USD430 or RM1600. The price cut maybe only available to Japan, and not for US or Europe.
Sony: PS3 20GB Gets Price Drop in Japan @ Kotaku

Nintendo just announced the price and launch date of the Wii!

Price: USD 250
Release date: 19 November 2006 (2 days after PLAYSTATION3)

Source: Joystiq

The price is a bit higher than I expected, but it will include a game. For more details, please go to the link above.