Sony’s GC Press Event: Tretton on the PS3 Slim

SCEA president Jack Tretton has spoken out on the PS3 Slim and the PS3 price-cut  in a video interview with the US PS Blog for the first time.

"We're extremely pleased that we've been able to meet production efficiencies that have allowed us to pass on those savings onto consumers," said Tretton.

"As you know, the original Playstation and the PlayStation 2, we announced revisions of the hardware in the third and fourth years, we're very pleased that, short of it's third birthday, the Playstation 3 has achieved tremendous milestones which have allowed us to bring out this new form factor and pass those savings onto consumers, giving them the opportunity to buy this state of the art gaming system at half the price it originally debuted at in October 2006."

The video is after the jump. Both the price-cut and Slim were announced tonight after months of speculation.

Thanks, Wonderwall Web.