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Merrill Lynch is reporting that Sony will lose more than $1 billion dollars on Playstation 3 within one year of the launch. They created this estimate on a basis that each PS3 will cost $500 to make, and will only sell for $399. The high costs will initially come from the cell processor, […]

Playstation Magazine is reporting in their January issue that Unreal Tournament 2007 will be a launch title for PS3. Prior to this story, Epic had not even confirmed that UT2007 would be released on Playstation 3.