Dell.com is selling a 40GB Playstation 3 with HDMI cable, Spiderman 3, and Ratchet and Clank for $399.

This is a great deal and hopefully will help the PS3 compete a little bit better with the Xbox 360.

I really like the idea that you can pay $399 and get high-def movies and high-def games right out of the box.

Don’t forget that the 40GB version of the PS3 doesn’t have any backward compatibility.

If you want to pick the bundle up for yourself you can buy it here.