With the PlayStation 3 the question isn't whether it will come out, it's what kind of release will it have when it does?

In a story from Home Media Retailing, it appears that the PS3 will still come out November 11 in Japan, and then November 17 here in the US. Sadly, the European launch has been pushed back until 2007.

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Sony had hoped to match Microsoft's global launch of their Xbox 360.

Apparently, the delay in Europe resulted from "the lag in the mass production schedule of the blue-laser diode within the Sony Group, thus affecting the timely procurement of key components to be utilized in the PS3."

Wedbush Morgan Securities videogame analyst Michael Pachter "downgraded his U.S. forecast of PS3 hardware for this year from 2.3 million units to 1.5 million units as a result of this news." Basically, this means there could be a severe bottleneck of PS3 units during the lucrative holiday season.