The much rumored Playstation 3 price drop is something that many gamers have been looking forward to, but is it happening on August 16th? According to a member of the CheapAssGamer Forum it is. Oswald9599 stated in his post that the Playstation 3 will be lowered to $299 for the 80Gb system and $399 for the 160GB Uncharted Bundle. We can only hope this true and we will get you more info as we see it.

Check out the screenshot and forum post after the jump.

"The PS3 system will be $299 for the 80 gig system and $399 for the 160 uncharted bundle, just like myself and so many other people mentioned this past week. Your pal Oswald went down and got the proof so that the many haters and nonbelievers would get what they need and finally start with the enthusiasm that an announcement like this deserves. This Pic is from a sign that might be up in some stores near you, but be warned this price drop is not in any way officially announced by SONY. This price drop will take effect most likely the first week of September or sooner (NOTE: THE EXAMINER LISTED THIS EVENT AS STARTING ON SUNDAY AUG 16, THIS IN NO WAY HAS BEEN CONFIRMED). Sadly the PS3 slim is still just a rumor, but with the old hardware not being shipped anymore, for article go here, the slim can't be far behind. The YMMV deal with FYE is not active or YMMV that deal needs to be deleted. All stores will run this at the same time nationally. More info will come as I get it."

You can find the original post here: http://www.cheapassgamer.com/forums/showthread.php?t=233847