Mike Hickey, video-game analyst for Janco Partners, stated that Sony needs to cut $100 USD from the price of the PS3 in order to keep the developers and publishers from moving away. He also has given thoughts that the removal of the Blu-ray component of the PS3 would allow Sony to reduce costs. Apparently I think Mike Hickey is not knowledgeable enough about the PS3 because the PS3 uses Blu-ray games.

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Firmware update 2.60 of the Sony Playstation 3 has been released and adds more features such as:

• All-new photo gallery
• DivX 3.11 support
• Safe mode
• Blu-ray disc theme support
• In-game access and deletion of hard disk data
• 3D secure support
• Improved system stability
• Non-PSN users now be able to access and browse the Playstation Store

No exact details yet on how these features would really enhance you PS3 experience, the download is also a hefty 140MB.

Below are download links for various regions:

Australia: Link
Japan: Link
USA: Link

How do you find the PS3′s 2.60 firmware update?

Sources: Engadget, TechTree.com