Sony today officially announced that they are reducing the price of the PSPgo. The price will be cut $50 down to $199.

Japan, will see an even bigger cut of 10,000 yen, down from 26,800 yen ($330) to 16,800 ($205) on October 26. Additionally, the download-only portable system will be cut from 225 British pounds to 159.99 British pounds in the U.K. on November 1.