Prices for PS3 games could exceed $75

A report on Japanese website Impress Watch indicates that games for the Playstation 3 may be significantly higher than titles for the Playstation 2 or competing consoles Xbox 360 and Nintendo Wii. While official pricing has not been announced yet, the site quotes "multiple" sources who put game pricing in the range of 8800 to 9800 Yen - or $75 to $84. The reason for the price hike : Rising development cost, according to Impress Watch.

So far, the increase appears to be limited to Japan ; U.S. retailers such as EB Games list game prices of about $60 on their PS3 preview pages.

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Wii, not Xbox 360, may have prompted PS3 price cut in Japan