From IGN:

April 5, 2006 - During a radio interview with G?n?rations Europe 1 yesterday, Georges Fornay, the president of Sony Computer France and the vice-president of Sony Computer Entertainment Europe, alluded to the possible price-point for the PS3’s worldwide November launch (in addition to a few other details). Along with explaining that the system is the only next-generation system thanks to its implementation of Blu-ray and full HD visuals (as well as praising the other features of the console), he also explained that the delay of the system was due to the finalizing of digital rights management for the Blu-ray standard.

When asked about the rumors that the console would cost around 500 dollars, Fornay stated, “Well, listen, if we take into account Blu-ray, HD, we see Blu-ray players at 1000 euros or more, [PS3] will be extremely cheap when compared to that. When we look at the gaming aspect, it is true that today consoles were generally well below 500 euros (roughly $614 U.S.), and I would say that we will be in this price range. It will be costly for a game console and extremely cheap when we look at the technologies it will integrate.”

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