This is being updated as we speak http://www.joystiq.com/2006/03/15/ps3-press-conference-it-begins/
More as we get it... Update 16--the wrap-up: The PS3 will launch "in early November 2006 in Japan, North America and Europe simultaneously." Incorporating the final specifications of the Blu-ray format will enable "playback of BD software at a high bit rate," with "a maximum storage capacity of 50 GB (dual layer) and robust security." The PS3 will be compatible with all kinds of TVs and a high-speed broadband connection. Update 19 (via 1UP's updated page): DRM was what delayed the launch, but the system will come with a 60GB HDD preinstalled before 11/11/06.
Looks like they will try do a worldwide release. Looks like pre-ordering won't be a safe bet this time as well
While an exact price was not released, GamersReports claims that a minimum price range was announced, which was nothing "less than 50,000.00 JP YEN" (or "$425.607 USD"). Perform your own up-to-the-minute currency conversion here. Unless the PS3's cheaper in the U.S., that means that the HDD-bundled Xbox 360 will remain cheaper than the PS3 in the States even without a price drop. Link found
Don't know if I can justify this for a console. That's if this figure proves true or close to the mark