Sony Computer Entertainment Europe has announced the 160GB PlayStation 3, which will launch in the PAL markets on 31st October for a RRP of €449 in a bundle including additional PlayStation Network content.

This new model has more than twice the storage capacity of the current models and can store and deliver more entertainment than ever before - perfect for people with an insatiable thirst for downloading and storing content.

This increase in available storage space gives owners the capacity to store large amounts of digital content in the same place. It allows for increased video, music, and photo storage as well as room to download even more games, game extras, playable demos, and trailers from PlayStation Network - making PS3 an even more attractive buy for those looking for an all-in-one entertainment system.