I don't make a habit of posting rumours (and there have been a few whoppers lately), but this has been posted on a few websites so far..
Tokyo, March 10 (Bloomberg) -- Sony Corp., the world's second- largest consumer-electronics maker, will introduce the PlayStation 3 video-game console this year, two years ahead of schedule, to widen its lead over rivals, the Commercial Times said, citing unidentified people at Taiwanese parts suppliers.
A playstation 3 mid this year? That sure would shake up a lot of things. :) The Bloomberg article here.
** Slashdot is covering it. Sony is denying it. Gameindustry.biz has more details on the whole hoopla.