According to Sony Computer Entertainment Europe prez. David Reeves that cheaper 60GB PLAYSTATION 3 will be done and dusted by the end of July, leaving consumers with the high-end 80 GB model. Sony Computer Entertainment America says not so! A Sony spokesperson says:

Those quotes from David Reeves are not accurate. He said that if they had lowered the price in Europe, that territory would have run out of their current inventory by the end of July... As announced this week, SCEA's product offering in North America consists of a 80GB PS3 available in August at $599 and a 60GB PS3 available now for $499. We have will have ample supplies of both models to meet the needs of our consumers for the foreseeable future.

Key words: "foreseeable future." Doubt Sony is making any new 60GB PS3s, but as long as those 60GB models keep sitting on store shelves, that "foreseeable future" could be long indeed.
Sony Right Hand, Meet Left Hand [Next-Gen, Thanks Walter!]