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Sony cuts PlayStation 3 price tag

Good news for gamers: Sony is cutting the price tag of its 80-gigabyte PlayStation 3 by $100 to $299.

It's also launching a slimmer, lighter model in early September that will also cost $299.

Will it be enough to turn sales around in a recession that has hit the video game industry hard?

That's the $299 question.

Accompanying Photos

Photo Caption: A PlayStation 3 video game system.

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