Phil Harrison, President of Sony Computer Entertainment Worldwide Studios, has announced that he will resign on February 29. Harrison has been working with Sony since 1992 and many are sorry to see him gone.

The past 15 years at Sony Computer Entertainment has been the defining journey of my life so far. I am grateful to all the PlayStation family for their incredible support, guidance and friendship. It has been a privilege to serve as part of the team and be inspired by them on a daily basis. I am so proud of everything PlayStation has achieved and will continue to support its future in every way I can.

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Sony has not yet confirmed, or denied the rumors that they are planning to phase out the 80GB version of the PS3. Currently the 80GB version is the only version to have backwards compatibility. Last week, an alleged Best Buy memo revealed that the 80GB PS3 would be discontinued. “The 80GB version of the PS3 is going closeout and won’t be replaced at this time,” it reads. “Only the 40GB version of PS3 will be sold in Best Buy stores at this time.”

Will Sony make a huge mistake? Or will they decide to update cheaper models with backwards compatibility? Who knows.