"Ars Technica's "favorite inside source" is at it again, telling the Web site that Sony is clearing inventory on the $399 80GB PS3 in advance of "dropping the price of hardware and launching the PS3 Slim rumor in the fall."

At the same time, Ars' mole claims the 60GB Xbox 360 Pro ($299) will be replaced by the Xbox 360 Elite ($399), which has a higher-capacity 120GB hard drive. In other words, Microsoft will offer up more hard drive capacity at the $299 price point, which seems to dovetail nicely with its plans to deliver a full assortment of retail game downloads that require more disc space than Xbox 360 Arcade titles." ..more info at link.