We're all hoping for big news at E3 - as we always do - and while we continue to focus on potential software announcements, the biggest unveiling may have to do with a long-awaited PlayStation 3 price cut.

According to a supposed internal source snagged by French website PS3Gen.fr, this "proven" source has unofficially confirmed that both the PS3 and PSP will receive price drops in "early June." Obviously, this would correspond with E3, which is scheduled to run between June 2 and June 4. Although the source didn't reveal the new price for the PS3, it did provide the new price point for the handheld: 169 Euros, down from 189. Of course, even if accurate, this information may only apply to the European/PAL regions, but we find it hard to believe that Sony wouldn't have this pair of price cuts spread worldwide. Additionally, the mystery source confirmed the existence of the much-rumored PSP 2, which should be available for the end of the year. We've already received many pieces of evidence for a new PSP model; either the PSP-4000 or a PSP 2, and that includes the theory that it will be designed to compete with the iPhone. It sounds plausible, but with nothing concrete to solidify the claims, we still can't call it anything but "rumor and speculation." And if you don't already know, Sony's business policy has always been the same: they simply don't comment on rumor and speculation.

We have no idea if these price drops will happen, but we'd like to think they'd be the biggest news of E3. The PS3 really needs that cut and everyone has been clamoring for it to happen; might Sony finally clear the last major hurdle in early June, ?