Sony fans undoubtedly cheered the news of a $100 drop in price for the 60GB PS3, but even with the price drop there are several issues surrounding the console. 1up reports that the 80GB PS3 is following the lead of the EU-released PS3s by removing the Emotion engine and relying on software emulation for backwards compatibility. In an effort to decrease costs Sony continues to reduce features and develop their product. Meanwhile, Konami executive Kazumi Kitaue doesn't see much impact from the cut ... and in fact told Reuters that they're seriously considering a multi-platform release for Metal Gear Solid 4. "Kitaue said Konami may need to expand the target hardware for its blockbuster fighting game Metal Gear Solid, which has so far been developed for Sony's PlayStation machines, to other consoles in the future to recoup development costs ... The release of the latest version of Metal Gear Solid series is expected to help lure hard-core gamers to the PS3 and alleviate concerns over scarcity of strong PS3 titles. Underscoring sluggish PS3 sales and robust demand for the Wii, Nintendo shot past Sony in market value last month and bumped the Tokyo-based electronics conglomerate off the list of Japan's 10 most valuable companies."

Gamespot is reporting that the rumoured price drop from earlier this week is a reality. Starting on July 10th, the current 60GB model will sell for $499. Coming to US shores in August is the 80GB version only available in South Korea at the moment, which will retail for $599. They're bundling that unit with Motorstorm, so it's not just another 20 gigs for $100. "The price drop further indicates that, after a slow start, Sony is now aggressively trying to expand its customer base in the US. The move comes none too soon. According to the latest figures from industry-research firm the NPD Group, the PS3 only sold 82,000 units in the US in May, compared to the Xbox 360's 155,000 units and the Wii's 338,000 units." So, is this it? Will this price drop make you buy a PS3, or are you still holding off for the big games this fall?

Many users have written to tell us about a magnetic machine promising "infinite clean energy". Engadget has the first picture of the device and is reporting that the announcement (along with a short video) of this supposed device will be released later tonight. "CEO Sean McCarthy tells SilconRepublic how it works. Namely, the time variance in magnetic fields allows the Orbo platform to 'consistently produce power, going against the law of conservation of energy which states that energy cannot be created or destroyed.' He goes on to say 'It's too good to be true but it is true. It will have such an impact on everything we do. The only analogy I can give is if you had absolute proof that God wasn't real.'" In my experience if something seems too good to be true it generally is. I wouldn't get your hopes up.

Game|Life has a breakdown of the numerous PlayStation 3 exclusives that might have been. The high cost of making games and Sony's slow start out of the game means that titles like Assassin's Creed and Devil May Cry IV, which may have been exclusive to a Sony console at one point, will now be leading a double life on Microsoft's Xbox 360. "Grand Theft Auto IV -- Peter Moore shocked the world at E3 last May when he announced that GTAIV would appear day-and-date on Xbox 360 and PS3. Months later, Newsweek reported that Take Two had wanted to continue its long-standing practice of giving Sony a lengthy timed exclusivity on the game, but they didn't want it. Newsweek says that former Sony Computer Entertainment president Ken Kutaragi's 'radio silence' on the issue left Sony's American execs without the authority to make deals, and nothing happened. Same with ... Assassin's Creed -- Again, Newsweek revealed that Ubisoft had actually gone to Sony with an offer to make the game a PlayStation 3 exclusive. Although Sony did go through the trouble of asking Ubisoft to make it seem as if their multiplatform action game Assassin's Creed was indeed PS3 exclusive , it came out shortly after E3 that it would ship simultaneously on both platforms."

This week both Nintendo and Microsoft's downloadable game services have some great titles to offer. The Wii will soon be playing host to Super Mario Bros. 2, Ecco: Tides of Time, and Dragon Spirit . Xbox Live Arcade, meanwhile, has up an update of Missile Command . This latest follows on the heels of Pac-Man: CE , a worthy and well-received updating of the arcade classic. Ars' comment about Ecco is dead on: "I used to love this game, just swimming around and doing those flips out of the water as Ecco was pretty calming. Then you tried to actually play the game and found out just how excruciatingly difficult it could be. While the Dreamcast update lost some of the magic, the original Ecco is still a neat twist on 2D games. Who knew that taking a platformer and setting it underwater would be so much fun?"

xnuandax writes "The army's explanation of weather balloons in the Roswell, New Mexico incident 60 years ago has been dealt a serious public relations blow. Late Army Lt. Walter Haut had signed a sealed affidavit prior to his death last year asserting that he had witnessed the wreckage of an egg-shaped craft and its extraterrestrial crew while working at the Roswell Army Air Field. An article at News.com.au reviews how Haut had worked as public relations officer for the Roswell base and was involved in the original weather balloon explanation of events at the time. This recent evidence would seem to confirm speculation that egg-shaped saucers are notoriously difficult to fly safely at low altitude."

cagrin writes "On Tuesday the UN's World Heritage Committee added the Galapagos Islands to the list of sites in danger from environmental threats or overuse. From the article: 'The Galapagos Islands, an Ecuadorian territory situated in the Pacific Ocean some 1,000 kilometers (625 miles) from South America, helped shape Charles Darwin's theory of evolution and in 1978 was the first site placed on UNESCO's World Heritage List.' Here is some background from Sea Shepherd on the insults facing the Galapagos."

GameDaily reports on news from Reuters; today for the first time Nintendo outpaced Sony's market value. Note that this isn't Sony's games wing, but the entirety of the Sony corporation. Investor confidence spurred by brisk sales of the DS and Wii pushed Nintendo (briefly) into the top ten earners in the nation of Japan, with such rarefied organizations as Honda, Toyota, and Canon. "Nintendo's shares rose to a record high 46,350 yen in the morning, increasing its overall market value to 6.57 trillion yen ($53 billion), which allowed it to surpass Sony's market capitalization for a time. The company's shares, however, finished the day a bit lower putting Nintendo back in 11th place behind Sony, but still ahead of Panasonic maker Matsushita, whose sales are over eight times larger than Nintendo's. Nintendo's market value closed at 6.39 trillion yen on Monday, just below Sony's 6.48 trillion yen."

steveb3210 writes "It seems that what was once a 5-acre glacial lake in the Andes has mysteriously disappeared. 'In March we patrolled the area and everything was normal,' Juan Jose Romero from Chile's National Forestry Corporation, Conaf, said. 'We went again in May and to our surprise we found that the lake had completely disappeared. All that was left were chunks of ice and an enormous fissure.'" The current theory is that an earthquake opened the ground and allowed the lake to drain. Looks like global warming is off the hook this time around.

SumDog writes "The international space station's newest power source, a set of solar wings, made its debut yesterday. The solar array is part of a new 17.5-ton space station segment that was connected to the orbiting outpost during a spacewalk Monday."

An anonymous reader writes "David Maynor, infamous for the Apple Wi-Fi hack, has discovered bugs in the Windows version of Safari mere hours after it was released. He notes in the blog that his company does not report vulnerabilities to Apple. His claimed catch for 'an afternoon of idle futzing': 4 DoS bugs and 2 remote execution vulnerabilities." Separately, within 2 hours Thor Larholm found a URL protocol handler command injection vulnerability that allows remote command execution.

GamesIndustry.biz reports that one million PlayStation 3s have been sold in the European and Australian markets. This breaks the record for Sony console sales in those sectors, as they've reached that number in only nine and half weeks. "Although released in Japan in November last year, the console has so far sold just under a million in the region, with 910,737 units sold, according to data from Media Create. The last hardware sales figures released by NPD in April showed that PS3 sales had reached over 1.3 million units in North America. According to Sony, Resistance: Fall of Man has sold 600,000 units in Europe, with MotorStorm reaching just over 500,000 sales."

arbitraryaardvark writes "Reuters reports that the 2nd circuit has struck down the FCC's recent ruling on indecency, in a case brought by Fox. The court said the U.S. Federal Communications Commission was 'arbitrary and capricious' in setting a new standard for defining indecency. 'Republican FCC Chairman Kevin Martin angrily retorted that he found it "hard to believe that the New York court would tell American families that 'sh*t' and 'f@ck' are fine to say on broadcast television during the hours when children are most likely to be in the audience ... If we can't restrict the use (of the two obscenities) during prime time, Hollywood will be able to say anything they want, whenever they want," Martin said in a statement.' No word yet on whether the agency will appeal.

Gary writes "The gigantic red switch looks more like a mushroom straight out of Super Mario. It can be connected easily using two wires and can be activated in any direction. To get rid of the blue screen of death all you have to do is hit it with something (like, a fist)."

GameDaily reports on new numbers from Nintendo, discussing their ongoing success with the Wii's Virtual Console offering. According to the piece, there are now over 100 games available on the service, and some 4.7 Million downloads have been transacted since the system's launch late last year. "Nintendo has been updating the Wii Shop with new Virtual Console games every Monday. The top five downloads worldwide to date have been Super Mario Bros. (NES), Super Mario 64 (N64), Mario Kart 64 (N64), Super Mario World (SNES), and The Legend of Zelda (NES). 'With an Internet connection rate reaching 40 percent, Wii owners have more options than ever to find the kinds of games they love to play,' says George Harrison, Nintendo of America's senior vice president of marketing and corporate communications. 'Beyond the Wii Shop Channel, all types of people are getting connected and checking out the information and entertainment options available on the Wii Menu. Whether voting, creating a Mii or just checking the weather, everyone has a favorite channel.'"