Some interesting news (rumors are more like it) about the next generation of game consoles:

The PS3 is rumored to cost $400 street and nearly $500 to make.  Meanwhile, the XBox360 is rumored to cost about $300.  If true, that's great news for Microsoft.  Trying to sell the PS3 at $100 more will be an uphill battle and could take the edge of some of the Sony hype.

Meanwhile, AnandTech has some rumors about the upcoming Cell and XBox360 processors which supposedly come from those who have seen the hardware.  While I'm on the subject, here's an older post from someone on the XBox team talking about the 360 vs the PS3.

For the record, I haven't seen the XBox360 yet and have no inside information.