I think it must be true as I very much doubt Eurogamer would post a news item based on a rumour, and also they phrased the news with "Sony has announced...." Perhaps most amazingly, the EG commenters can`t seem to find anything to complain about. Satan is putting his ice-skates on over that one. Joke stolen from Rob, sorry

If you just look at the comments there it`s obvious this price will bring in a lot of new players - fantastic decision by Sony, imo.