Quote
The event kicks off Tuesday night with Microsoft's press conference, followed by fellow console manufacturers Nintendo and Sony on Wednesday morning. It's not yet clear what the console manufacturers will be announcing, but rumors have spread (many of them highly unsubstantiated) of upgrades ranging from hard drives in Nintendo's Wii to an HD DVD player in Microsoft's Xbox 360 to a "revamped" PlayStation Portable handheld console from Sony. The company has already announced, as widely rumored due to a leaked Circuit City flier, that it's cutting the price of the PlayStation 3 by $100.