Sales of the PS3 have spiked three-fold after last month s $100 price cut. SCEA’s Jack Tretton told Reuters that the pace represents a significant improvement over last year. He predicted an overall lift for the game industry for the Holidays driven by hardware price cuts and great games. Read more in the report from Reuters.

Meanwhile while reporting that the Wii US price cut will be announced at TGS, Gamesindustry.biz says that Nintendo plans a new Holiday bundle en lieu of a price cut in the UK.  (Implied frown emoticon for our friends across the Pond.) Read more at Gamesindustry.biz.