There have been some rumors around the internet talking about a 40GB $399 Playstation 3 and it seems to actually have some legs to it. Engadget has gotten a hold of some Best Buy documents that seem to confirm that the Playstation 3 will be stocked on October 28th.

I don’t currently have any plans to purchase any of the next gen consoles but I’ll tell you what, if I can get high-def gaming and a next generation high-def disc format in my living room for $400 it would be something I would seriously consider. Let’s face it $399 for the Playstation 3 is quite the bang for your buck.

I truly hope that Sony will release a $399 model soon because the Xbox 360 is dominating the PS3 (like I say all the time, we need more competition).

Engadget