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Tech Heads: GAME OVER FOR PS3 PROFITEERS; Steve Lawson's games & technology round-up.

Byline: Steve Lawson

MONEY-GRABBING opportunists who snapped up a PlayStation 3 then immediately put it on eBay are getting their comeuppance.

Most consoles are selling at or below the pounds 425 recommended retail price.

The scene is very different from December when sellers capitalised on Nintendo Wii stock shortages and saw prices double after the UK launch.

The PS3's low ebay price is partly attributed to stock still being available in UKshops.

In fact, there's even news of the first discounted PS3s being sold.

Just days after the European launch, Manchester-based retailer slashed their price to under pounds 400.

Despite all this, PS3 has become the fastest-selling games console in the UK.

Official figures show 165,000 consoles were bought in the two days after launch, putting Sony ahead of the Wii and Xbox 360 but behind the handheld PSP.

One particular element of the PS3 seems to have captured gamers' imagination.

As reported here last week, the PS3 is tied into an online scientific community and its processing power is being used to help solve complex medical problems.

More than 30,000 gamers around the world have already signed up to Stanford University's Folding@home project, which aims to study the causes of diseases such as Parkinson's, Alzheimer's, cystic fibrosis and cancers.

Meanwhile, Microsoft have confirmed there's an updated Xbox 360 on the way.

The Xbox 360 Elite will have a 120GB hard drive, a high-definition multimedia interface (HDMI) port and HDMI cable included (the PS3's is extra).

The Elite - available here later this year - should sell for around pounds 325.

One thing it still lacks is the HD DVD player, currently selling for EUR199 (pounds 110) in the US, so if you do the maths and factor that in, the whole high-def shebang comes to a bit more than a PS3.
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Title Annotation:Features
Publication:Daily Record (Glasgow, Scotland)
Date:Mar 30, 2007
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