While US gamers received a $100 price cut for the PS3 recently, Sony believed that European gamers were more likely to respond to a 'value for money deal' and announced the PS3 starter pack, which includes two controllers and two games for the price of £425.

Speaking to Norwegian website, Dagbladet, SCEE president and CEO David Reeves "We don't think it's necessary to reduce the price. We think that consumers want added value in Europe. We think it's the right decision."

Reeves also believes that the 80Gb PS3, which is due to launch in the US over the summer is 'too small a jump in capacity' and hinted that if Europe launch a revised console it's more than likely to be double the capacity.

"The difference between 60 and 80GB is very small, we just feel that going up 20GB is not worth it," told the website. "If you go to double it, it's worth it. So maybe you'll see something a little bit later."

Throughout the holiday and this fiscal year, SCEA and its third-party partners plan to release more than 120 PS3 software titles available on Blu-ray Disc, SCEA is also working on another 40 games and game packs downloadable via Playstaion Network in North America. At E3, the company recently highlighted several of its 15 exclusive first-party PS3 titles, including Heavenly Sword, Ratchet & Clank Future: Tools of Destruction and Uncharted: Drake's Fortune.

Source :: Dagbladet via CVG