Update: Sony has told Eurogamer the UK PS3 price will drop to Ł199.
Original story: Sony has confirmed a global price cut for the PS3.
The new price will be €249, $249 and 24,980 Yen. No UK price was given.
Amazon.co.uk has already set the ball rolling, however, dropping the UK PS3 price to Ł215 for the 320GB PS3 and to Ł192 for the 160GB PS3.