[[SS]Midnight]

Yay?

According to MCV, the UK games industry is expecting Sony to announce a pricecut for PS3 at this year's Gamescom.

Trade insiders are said to be hoping for a recommended retail price of £199.99, allowing stores to sell it at £179.99.

Codemasters boss Rod Cousens said, "I would anticipate a further price cut on existing consoles prior to Christmas.

"It'll probably happen around September and Gamescom may be interesting. But there's also time for a further cut next year, before Wii U is out."

Sony has said that it doesn't comment on rumour or speculation.

Gamescom runs from 17-21 August, and IGN will be there keeping you in the loop.