Woolworths cuts PS3 price for Bank Holiday weekend

Woolworths has sent us an announcement about a PlayStation 3 price cut for the Bank Holiday weekend - it's reduced the price by £50 to £375 - and the console is bundled with two free games, two free Blu-Ray DVDs and an additional controller. This bundle can be picked up both in stores and online.

Given that the Xbox 360 Elite comes out today and the price of a Xbox 360 Pro falls to £249 (£179 for the version without hard drive), it's looking like a cracking weekend to buy a console!

And for once you can thank the great British summer. According to Woolies, "This summer's indifferent weather has meant shoppers turning to indoor pursuits instead of going to the beach or a barbecue. As a result games sales at Woolworths have hit record levels for this time of year."

The PlayStation 3 price reduction ends on Tuesday according to Woolworths' press office.