Wondering around the Nintendo party, the company's VP Reggie Fils-Aime briefly talked PS3 price quote. What did Reggie have to say?

"It's shockingly high."

Yup, no surprise there. What about the cheaper, 20GB machine? That's cheap, right?

"That's just a stripped down version."

And there's that ulcer-inducing open PS3 pricing system in Japan.

"With the open ended one, the demand could be..."

(Reggie smiles and ambles away)

Price This [Kotaku]