SCEE president David Reeves has now stepped forward to confirm that the 80GB PS3, which is essentially the same as the 40GB model, but with a bigger HDD, will be launched in Europe on 27th August, 2008 and will be priced at £299.
“It will be a simultaneous launch across all PAL territories, and reach Russia two weeks later, due to compliance issues,” said Reeves
“Promotional bundles will arrive between mid-September and mid-December at various prices."
"The 40GB model will be replaced by 80GB. Don’t ask if we’re going to go down in price on 40GB – the answer is no.”
It's expected that the 40GB will be out of stock before the 80GB model launches.