] More details about the highly secretive "Cell"
] processor--slated to power the upcoming Sony PlayStation
] 3 game console--emerged Monday. ... This puts the earliest
] date of release of the PlayStation 3 at late 2005, or more
] likely 2006, considering the amount of time needed to
] develop the process technology and mass-produce the new chip.

Looks like the PS2 is going to be around for a couple more years.

Sony sinks $1.6 billion into 'Cell' plant | CNET News.com

] A federal judge in Los Angeles has handed a stunning
] court victory to file-swapping services Streamcast
] Networks and Grokster, dismissing much of the record
] industry and movie studios' lawsuit against the two
] companies.

] "Defendants distribute and support software, the
] users of which can and do choose to employ it for
] both lawful and unlawful ends," Wilson wrote in his
] opinion, released Friday. "Grokster and StreamCast
] are not significantly different from companies that
] sell home video recorders or copy machines, both of
] which can be and are used to infringe copyrights."

Wow! Good news!

Judge: File-swapping tools are legal | CNET News.com