PS3: Annual press conference reveals everything you need to know

Sony held its annual E3 press conference today and revealed the final details of the PlayStation 3 release. Here's what you need to know: the system will hit North America and Europe on November 17, while the Japanese get it on November 11.

Here's the part that will make you cringe: when it hits, the system will be available in two packages, and neither of them come cheap. For $499, you'll be able to snag a PS3 that has a 20-gigabyte hard drive. For $599, you'll get one that has a 60-gigabyte hard drive, along with a few other features: an HDMI high-definition video port and a Memory Stick/SD/Compact Flash slot for portable data saving. It also has Wi-Fi capabilities, while the cheaper model connects to the internet using an old-fashioned Ethernet cable. And yes - these "additions" are available only on the more expensive package. Sorry.