With Sony's big PlayStation event happening tonight, there are sure to be leaks all around the web. Times Magazine recently came across a few leaked documents that suggest that the PlayStation 4, codenamed Orbis, will launch at a flat price point of $399.99. This word goes against previous reports of $429.99 with a higher model priced at $529.99. If this is to be believed, the PlayStation 4 will cost 30% less than the launch price of the PlayStation 3, which suffered from slow sales at when it first was first made available in 2006.

At only $400, the PlayStation 4 could see a lot of units pushed right out the door, and if it's powerful enough, the price alone could be the deciding factor in who wins this generation's console war. Now we just need to wait and see what Microsoft has up their sleeves.

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