Several retailers have dropped the price of Sony's PlayStation 2 from 299 to 269.

The move however is being played down as an official price cut by Sony, and instead they are saying that changes in the exchange rates across Europe has ment that to keep the UK in line with other European countries they had to lower the trade price.

With the Japanese seeing their PS2's getting a lower price tag this week, it's widely expected that a proper pricecut, to around 200 will take place before christmas.