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INTRODUCTION
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LAUNCH DATE: (Europe, Australia, New Zealand, Russia, Middle East, Africa) Friday March 23rd
In September Sony decided to delay the PS3 release in the PAL regions to the dismay of many. March was the period given for launch and even that was doubted by a few until
January of this year when the launch date was announced. The wait has not been in vain though as unlike the regions which got the console last year, we won't suffer from a small library of games on day one among some other infant problems (we do however have to suffer being the first customers who get a PS3 without the PS2 chipset making our PS2 BC a bit shaky from day one though 72% of the games will be compatible at launch including GOW2 with more updates coming).
For day one there is promised around 30 games, one million consoles and a significant firmware update. It is clearly the best launch in the history of PlayStation and if you want one, chances are that you will get one. Another thing is that you can reserve your online ID right now if there's a special name you want. Also, the 500 000 first to sign onto the PSNetwork (with their actual console) will receive the Casino Royale Blu-ray movie (actual retail version) for free. First party games will be offered for a lower price than the rest and there's a introductory period for PSN games with lower prices in that area as well. There are big promises for later this year as well with many truly epic and exclusive games and not to mention Sony's revolutionizing Home service coming this fall. Sony are kick starting their reach in the PAL countries and everyone is invited to the party.

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BASICS I: SYSTEM/SKU DETAILS
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Unlike NA & Japan, the 20GB SKU won't be available for launch for the PAL countries but will made available later this year if there's enough customer interest.
PlayStation 3 60GB Pack:
Price - £425/599/999a$
Includes -
(1) Wireless PS3 SIXAXIS Controller
(1) PlayStation 3 Console
(1) 60GB HDD
(1) AV Cable (HD cable sold separately)
IEEE 802.11b/g Wi-Fi
MemoryStick/SD/CompactFlash Slots
Accessories:
- SIXAXIS Controller - £34.99/49.99
- PS3 Blu-Ray Remote Control - £17.99/24.99
- PS3 Memory Card Reader - £?/?
- HDMI Cable - £17.99/24.99
- AV cable - £17.99/16.99
- Component AV cable - £17.99/24.99
- S Video cable - £12.99/16.99
Press Release
Images

PS3 Blu-Ray Remote

PS3 Memory Card Reader
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BASICS II: SPECIFICATIONS
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HARDWARE:
Physically, the PLAYSTATION 3 is approximately 5 kg (11 lb), 9.8 cm × 32.5 cm × 27.4 cm (3.9 in. × 12.8 in. × 10.8 in.)
CPU: Cell Processor
- PowerPC-base Core @3.2GHz
- 1 VMX vector unit per core
- 512KB L2 cache
- 7 x SPE @3.2GHz
- 7 x 128b 128 SIMD GPRs
- 7 x 256KB SRAM for SPE
- * 1 of 8 SPEs reserved for redundancy total floating point performance: 218 GFLOPS
GPU: RSX @500MHz
- 1.8 TFLOPS floating point performance
- Full HD (up to 1080p) x 2 channels
- Multi-way programmable parallel floating point shader pipelines
Sound: Dolby 5.1ch, DTS, LPCM, etc. (Cell-base processing)
Memory:
- 256MB XDR Main RAM @3.2GHz
- 256MB GDDR3 VRAM @700MHz
System Bandwidth:
- Main RAM: 25.6GB/s
- VRAM: 22.4GB/s
- RSX: 20GB/s (write) + 15GB/s (read)
- SB: 2.5GB/s (write) + 2.5GB/s (read)
System Floating Point Performance: 2 TFLOPS
Storage:
- HDD (60GB included)
- Detachable 2.5 HDD slot x 1
I/O:
- USB: USB 2.0 x 4
- Memory Stick: standard/Duo, PRO x 1
- SD: standard/mini x 1
- CompactFlash: (Type I, II) x 1
Communication: Ethernet (10BASE-T, 100BASE-TX, 1000BASE-T) x3 (input x 1 + output x 1)
Wi-Fi: IEEE 802.11 b/g
Bluetooth: Bluetooth 2.0 (EDR)
Controller:
- Bluetooth (up to 7)
- USB2.0 (wired)
- Wi-Fi (PSP®)
- Network (over IP)
AV Output:
- Screen size: 480i, 480p, 720p, 1080i, 1080p
- HDMI: HDMI out x 1
- Analog: AV MULTI OUT x 1
- Digital audio: DIGITAL OUT (OPTICAL) x 1
CD Disc media (read only):
- PlayStation CD-ROM
- PlayStation 2 CD-ROM
- CD-DA (ROM), CD-R, CD-RW
- SACD Hybrid (CD layer), SACD HD
- DualDisc (audio side), DualDisc (DVD side)
DVD Disc media (read only):
- PlayStation 2 DVD-ROM
- PLAYSTATION 3 DVD-ROM
- DVD-Video: DVD-ROM, DVD-R, DVD-RW, DVD+R, DVD+RW
Blu-ray Disc media (read only):
- PLAYSTATION 3 BD-ROM
- BD-Video: BD-ROM, BD-R, BD-RE
Source, 1, 2
CONTROLLER:

It is important to note that the SIXAXIS PS3 controller has two noteworthy new additions, outside of the 'home' central PS button, wireless and controller # indicators. For one, it can detect 'six degrees of motion' - thus, the name - and it has no rumble functionality. The controller motion control is utilized in such titles as Warhawk, L.A.I.R and Super Ruba'Dub among others and offers a new layer of interactivity for those interested. For more in-depth information, read the Press Release.
The system also supports the use of up to 7 controllers simultaneously.
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BASICS III: PLAYSTATION OS/NETWORK
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PLAYSTATION®Network FEATURES:
- Global ID (Multiple)/Account Creation
- Global friends List (Messaging, Video chat..etc)
- PSP Connectivitity
- PlayStation "E-distribution" Game Downloads (fl0w, Super Rub'A'Dub, Calling all Cars etc)
- PSOne, PS2 and PSP Game Downloads
- PLAYSTATION®Store (items sold by real currency, not points)
- FREE Online Gaming (except for Massively multiplayer online titles/downloadable content)
- Web Browsing
- Background downloading (up to six items) even while playing games
- Keyboard/Mouse USB/Bluetooth support
- Folding@Home, lend PS3 cpu cycles to benefit mankind, a NeoGAF team is set up.
You can now reserve your PSN ID on the web:
Go here.
Also, the first 500 000 to sign onto the PLAYSTATION®Network with their actual console (even if you reserved your PSN ID online) will receive the Casino Royale Blu-ray movie (actual retail version) for free.

OS Key Features:
- XMB interface
- Music (CD Streaming/Ripping, MP3's, Visualizers..etc)
- Photo Viewing (various photo modes & layouts)
- Movie Viewing (Blu-ray/DVD, animating thumbnails..etc)
- Yellowdog Linux Available (Other OS function)
- Backward Compatibility with entire PSOne back catalog, partially PS2 (72% @ launch, BC updated regularly with firmware)
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BASICS IV: LAUNCH GAMES
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The Must haves:

Resistance: Fall of Man - SCEE - Disc
Official NeoGAF Thread & US Clan
Official European NeoGAF Clan Thread
Russian themed Trailer
Traditional Trailer

MotorStorm - SCEE - Disc
Official NeoGAF Thread
Latest Trailer

Virtua Fighter 5 - Sega®Europe Ltd - Disc
Official NeoGAF Thread
Latest Trailer
*Reports state Oblivion has been delayed until April 27th in EU*
The Elder Scrolls lV: Oblivion - Ubisoft Entertainment SA - Disc
Official NeoGAF Thread
Latest Trailer
The Others:
Genji: Days of the Blade - SCEE - Disc
FORMULA ONE CHAMPIONSHIP EDITION - SCEE - Disc
Ridge Racer 7 - SCEE - Disc
Call of Duty 3 - Activision UK Ltd - Disc
Marvel: Ultimate Alliance - Activision UK Ltd - Disc
Tony Hawks Project 8 - Activision UK Ltd - Disc
Gundam Target in Sight - Namco Bandai Games - Disc
Full Auto 2: Battle Lines - Sega®Europe Ltd - Disc
Sonic the Hedgehog - Sega®Europe Ltd - Disc
Virtua Tennis 3 - Sega®Europe Ltd - Disc
World Snooker Championship 2007 - Sega®Europe Ltd - Disc
NHL 2K7 - Take 2 International SA - Disc
Blazing Angels Squadrons of WWll - Ubisoft Entertainment SA - Disc
Enchanted Arms - Ubisoft Entertainment SA - Disc
Def Jam: Icon - Electronic Arts Ltd - Disc
Fight Night Round 3 - Electronic Arts Ltd - Disc
NBA Street 4 Homecourt 2007 - Electronic Arts Ltd - Disc
Need for Speed Carbon - Electronic Arts Ltd - Disc
The Godfather: The Dons Edition - Electronic Arts Ltd - Disc
Tiger Woods PGA Tour 2007 - Electronic Arts Ltd - Disc
The Network titles:
-Launch day:
GTHD - SCEE - Network (Free)
Tekken®: Dark Resurrection - SCEE - Network (£6.99, 9.99)
Blast Factor - SCEE - Network (£3.49, 4,99)
Lemmings - SCEE - Network (£3.49, 4,99)
Gripshift - Sony Online Entertainment - Network (£?, 7,99)
-March 30th:
Super Ruba'Dub - SCEE - Network
-April 6th:
flOw - SCEE - Network
-April 13th:
Go! Sudoku - SCEE - Network
-April 20th:
Go! Puzzle - SCEE - Network
-???
Calling All Cars - SCEE - Network
Q*Bert - Sony Online Entertainment - Network
Mortal Kombat II - Sony Online Entertainment - Network
*Also expect PSOne games, demos, game add-ons, game trailers, movie trailers..etc.
Source 1
Source 2
Source 3
Thanks to reminder for doing his name justice with this news bit:
Sony PR Feb 26th said:European PLAYSTATION 3 First Party Software Pricing Announced
London, 26 February 2007 Sony Computer Entertainment Europe (SCEE) today announced pricing details for its first party title launch line-up, to accompany the 23rd March 2007 launch of PLAYSTATION®3.
Providing details of the prices to be charged for first party software available on both disc and through the PLAYSTATION®Network1, SCEE confirmed that its five disc based launch titles, including the highly acclaimed Motorstorm and Resistance: Fall of Man will be priced at an RRP of 59.99 (£39.99, AUD 99.95, NZ 109.95).
In addition to the disc based games SCEE also announced that exclusive and innovative experiences developed especially for download from the PLAYSTATION®Network such as BlastFactor, flOw and Super Rub a Dub, together with iconic gaming brands such as Tekken 5: Dark Resurrection will be made available for an introductory period at prices which range from 2.99 to 9.99 (Edit:
GBP 1.99 to GBP 6.99) depending on the specific title.
Other first party content available on the PLAYSTATION®Network such as game items and premium video content will be priced on an easy to understand sliding scale of charges starting as low as 0.99 and increasing depending on the scope of the product. This could range from a new SingStar track to a premium pack for MotorStorm, which would include a new track, additional vehicles, liveries and multiplayer modes.
In announcing these prices, David Reeves, President and CEO of SCEE said, Not only will it be completely free to register on the PLAYSTATION®Network with no subscription fees and access to many free demos, but with these competitive prices for additional content we are able to offer the consumer both top quality games on Blu-ray discs and a whole range of downloadable content from the PLAYSTATION®Network. With over 30 first and third party disc and network games available at launch, we are confident that this will be one of the most successful launches of all time.
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BASICS V: POST LAUNCH HAPPENINGS IN 2007
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1st party games coming post launch in 2007 (that we know of):
- MLB07 The Show
- L.A.I.R
- SingStar
- Hotshot Golf 5
- Eye of Judgment
- Monster Kingdom: Unknown Realms (aka Folks Souls)
- Heavenly Sword
- Ratchet and Clank Future: Tools of Destruction - Trailer
- White Knight
- Uncharted: Drake's Fortune - Trailer
- Killzone 2
Bigger Third party games coming in 2007:
- Metal Gear Solid 4: Guns of the Patriot
- Devil May Cry 4
- Grand Theft Auto IV - Trailer
- Ninja Gaiden Sigma
- Unreal Tournament 3
- Half-life 2 Orange
- Quake Wars
- Battlefield Bad Company
- The Darkness
- Assassins Creed
- Mercenaries 2
Network titles coming later in 2007:
- Warhawk
- LittleBigPlanet - Trailer
- Gran Turismo 5 Prologue
New Services coming in 2007:


Home is a revolutionizing real-time online 3D, networked community which will be available on the PLAYSTATION®Network this fall. It allows PS3 users to interact, communicate, join online games, shop, share private content and even build and show off their own personal spaces to others in real time. Home will be available as a free download from the PlayStation Store and will launch directly from the XMB on PS3. It will be free to use for everyone.
HOME FAQ:
Participate in living breathing online world with thousands of other players free of charge.
Design and build your own apartment, house or even neighbourhood.
Purchase new landscapes, apartments and furniture.
Purchase new clothing sets, pets and accessories for your character.
Purchase functional items to add value to your private Home experience.
Leave your mark on the world with premium player-created content tools.
Share photos, movies and music from your PS3 HDD with friends in your personal space.
Meeting game-specific lobbies to discuss games, get new content or team up for online gameplay be that Home oriented games or full fledged PS3 titles.
Earn Trophies from PS3 games which you can put on display in your trophy room for everyone to check out and admire.
Individual lobbies created by first and third parties allow for consumer interaction and commerce like a virtual trip to the cinema among many other activities. The potential is without limit.
Home Promo Trailer
Home Beta Trial
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Thanks to Amir0x for creating the US/JP launch thread which I have used as a template.