Crap. Not that anyone should be surprised, and maybe I should've noticed this sooner, but the official US PlayStation 3 site confirms that if you want to use your $600 PlayStation 3 via its fancy-pants HDMI port, you better be prepared to shell out a little bit more. Okay, a lot more.
HDMI cables, like the PS3 aren't cheap. They can run from around $20 to $300, depending on what you're going for (but you certainly needn't pay that much!). I wouldn't be surprised to see Sony selling their own PlayStation 3 branded cable, just to squeeze a little more revenue out of the thing.
Maybe that $500 option is looking more like the one I'll be going for.
Update: Thanks for pointing out that you can get cables for less than $90, angry internet mob. The price info has been corrected.
Confirmed: PS3 shipping without HDMI cable
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