The PS3 is set for release on November 17th. The article says -
"The system starts at $500 (euro392) for a 20 GB version. The price tag on the 60 GB model is $600 (euro470).
People looking to cash in on the high demand and limited supply are already selling their pre-reserved PS3 consoles on eBay for well over $2,000 (euro1,567). Rights to one PS3 recently sold for $3,250 (euro2,547), plus $50 (euro39) for shipping. It received 48 bids.
Some stores began taking pre-orders on Oct. 10. At some GameStop and EB Game locations, the orders were snapped up within minutes."
and...
"The PS3 is driven by a high-powered cell processor, making game play super smooth and graphics amazingly detailed. A gigabit ethernet for online gaming and a Blu-ray disc player comes standard on the console, as does a wireless controller.
The PS3 can play games and movies at ''1080p,'' which is the highest definition resolution currently available."