Sony revealed today that they're cutting the price of its PlayStation 2 console in both Europe and North America starting tomorrow. It's not the PS3 price cut everyone was jonesin' for but hey, savings are savings.

"We are now into PS2’s tenth year and consumer demand remains strong throughout much of our region," said Sony Computer Entertainment Europe president David Reeves. "This RRP revision will help to ensure that PS2 remains a key part of the entertainment market place for some time to come. We are very excited about the future of PS2 and will continue to grow the game library this year, meaning that new and existing owners have plenty to be excited about.”

The PS2's price will be reduced by €30/$30 in Europe and North America. The console will now cost €99.99/$99.99 in those regions. According to MCV, the UK price will not be changed. PS2 sales have been much slower in the US compared to a year ago and the new lower price could give them a bit of a boost. Still, I think most people are waiting on the PS3 price cut.