Today, Sony Computer Entertainment America has announced a new 80GB PLAYSTATION3.  The new model, which includes a  copy of MotorStorm will be available this August for a suggested retail price of $659 CDN (US$599).

The price of the of the 60GB model has now been reduced to $549 CDN (US$499), effective immediately.

And those of you patient enough to wait buying your top end PS3 system will be rewarded with a free copy of MotorStorm.  The 80GB version comes with the this amazing off-road racing game. There will be more than 120 new first and third-party software titles available for North American PS3 users to enjoy by the end of this year – in addition to the more than 40 software titles currently available.  Key upcoming first-party titles include Folklore, Heavenly Sword , LAIR, NBA08, Ratchet & Clank Future: Tools of Destruction, SingStar, SOCOM: U.S. Navy SEALs Confrontation, THE EYE OF JUDGMENT, Uncharted: Drake’s Fortune and Warhawk.

Both the 80GB and 60GB PS3 models come standard with Cell Broadband Engine (Cell/B.E.), Blu-ray Disc (BD) player, built-in HDD, 1080p high-definition output, Wi-Fi connectivity and SIXAXIS wireless controller.