Sony announced today that effective tomorrow, the PlayStation 2 will be available for $99.99.  Not exactly the price cut anyone wanted, but the PS2 is still getting games and it is still selling strong around the globe.  And why wouldn't it?  There are a ton of great games on the system.  Add into that the fact that the PlayStation 3 does not play PS2 games anymore, and this could be a good thing.  Sure the PS2 was the best selling system in the last gen, but there were still people who don't have one.

"PlayStation 2 set the industry standard for worldwide mass market adoption and is a clear embodiment of Sony's commitment to platforms that deliver 10-year product lifecycles. It's a tribute to outstanding technology, great consumer value and unprecedented development support that we've now been able to do twice what no one else has ever accomplished," said Sony exec Jack Tretton. "Demand for PlayStation 2 remains strong throughout the world, and the new $99 price point will bring in new consumers who will discover how PlayStation platforms are an outstanding choice for their gaming and home entertainment needs.

With nearly 1,900 PS2 titles and now this under-a-hundred-bucks price point, this is as good a time as any to pick up a PS2. Sony stated that it plans continued support of the highly successful platform, which is serving as a model for its new home console, the PLAYSTATION 3.

"Just as PlayStation 2 is delivering on a 10-year lifecycle and helped expand and solidify the DVD format for home entertainment along the way, we believe PLAYSTATION 3 offers the same promise by helping secure the Blu-ray format and delivering unprecedented value as the total home entertainment solution for the next decade."