UK Retailers are starting taking pre-orders for the £299.99 40GB PS3 models to be released on Oct 10th.
GAME's website states:
This PlayStation 3 model does NOT feature:
* Backwards Compatibility with PS2 Games
* Memory Stick Card Readers
* SACD Playback
* Ethernet Cable
* 4 USB Ports, this model features 2.
In addition, this price point does not include any bundled Blu-Ray movies or games.