There are rumours that Sony is going to launch a cut price version of the Playstation 3 for the UK market. Whilst Sony has been playing down the claims as “speculation”, they have not actually denied them. If the claims are true we could see a £299 version of the console in the shops for Christmas. If it is released rumours are that it will be a cut down version of the console that is not backwards compatible. I might consider buying it at £299 but not for a cut down version.