Conjecture is intensifying this morning that could be on the brink of announcing price cuts for both the and the consoles. That's the word from CVG, who quote an insider source.

Other well placed sources seem to cast doubt over the likelihood of any immediate cut, although experts are in agreement that the PS3 in particular is just too expensive to achieve mass at the moment.

"It's been on the cards for a while," CVG's source offered, "but manufacturers are not in the habit of giving exact dates so as not to effect sales."

The source is apparently from a major high street retailer, but wouldn't speculate on when such a cut might arrive. Previously, we've caught wind of Sony potentially announcing something at the E3 show this summer.

More on all this idle gossip as we get it.

By Luke Guttridge