40GB PlayStation 3 Coming to US?

While Sony is remaining cagey about whether it will bring the 40GB PlayStation 3 to the United States, Target appears to have let the cat out of the bag. The company's inventory systems are reporting the lower-cost model will arrive on October 28 with a price tag of $399 USD.

Sony has already launched the 40GB PS3 in Europe and Japan, which will replace the phased out 60GB model. The company hopes the lower $399 price will drive sales by those who aren't willing to pony up $599 for the high-end model. But the low cost comes with a big caveat: the 40GB PS3 does not offer backward compatibility for PS2 games, nor the memory card port.