Here's a couple of small news pieces:
Sony announced they will reveal details of PlayStation 3 by the end of the next financial year, which ends on March 31, 2005. PS3 will be demonstrated at E3 2005 in a playable form.
Sony has also pushed back the release date of the PSX firmware update from July 15 to August 3, users can download the update through the Internet, or a software update disc, which can be obtained from Sony at the beginning of August.
Thanks again to MagicBox