Tonight at Sony's press reception, the big wigs—Phil Harrison, Kaz Hirai, Ken Kutaragi—were on hand to answer questions and stand next to overexcited fanboys for photo ops. Oops. I meant to type "enthusiast press", not fanboys, sorry.

We talked to Ken Kutaragi tonight to see how he thought the PlayStation 3 was holding up.

He was super psyched about the delay in Europe. Seriously. His justification was that the number of games that will be available in Europe when the console launches will be so great that the Euros waiting an extra 4 months will forget all about the missed ship date.

Kutaragi also pretty much confirmed that we won't be seeing a comparative price drop in other territories. According to Ken, the Japanese pricing changes were merely an adjustment to keep the price inline with the market. He argued that the misconception that 1 dollar equals 1 euro equals 100 yen is not a fair comparison.

So keep saving, kids. The PlayStation 3 is looking better and better, but still expensive as all get out. Michael McWhertor