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Selling your console for less than it costs to make doesn't come cheap. Sony should know - they lost USD 2.16 billion on PS3 in 2007, and a further USD 1.16 billion this year.

Rockstar has released new patches for the PS3 and Xbox 360 versions of Grand Theft Auto IV.

Sony has announced the PlayStation Network will be taken offline later today so "scheduled maintenance" can take place.

A fast-paced action-strategy game, Elements of Destruction's secret weapon is its glorious premise. You are a mad scientist, wreaking revenge on those that done you wrong using your fiendish machines that create not-so-natural disasters. Earthquakes, lightning storms and tornadoes are all at your disposal, and the prospect of being able to let rip with some fire and fury makes the game a very tempting proposition.

The traditional bedfellows of rumour and speculation are rolling around on the Internet mattress again following the appearance of a mysterious countdown page on Sony Japan's website.

A new map for Frontlines: Fuel of War has popped up on Xbox Live.

Bad Company is very much the kind of army I could imagine Eurogamer inhabiting. Comprised of all the ne'er-do-wells, workshy fops and insubordinates that you wouldn't even want on your paintball team, we'd be the guys any sensible army would send out as cannon fodder to lull the opposition into a false sense of security. Of course, what would transpire is that we were only pretending to be shot-shy slackers, and, when put in life-or-death scenarios we'd rise to the challenge and kick everyone's arse.

Those of you who like a bit of ultimate fighting will be pleased to hear that THQ has announced a new UFC game.

Codemasters Online has announced a free expansion for its free-to-play MMO, ArchLord. Episode 3: Spirits Awakening will go live "in the coming weeks", according to the company.

With around a month to go until Guitar Hero II's release on PlayStation 2, RedOctane has announced the 40 tracks licensed to appear in the game - including ones we told you about recently like Monkey Wrench and Killing In The Name Of.

Konami has confirmed a new instalment in the Pro Evolution Soccer series will be released this autumn.

EVE Online developer CCP has announced the first showing of its Ambulation update - which will allow EVE players to create avatars who can walk around and interact with each other for the first time. It will be demonstrated at EVE's 2008 Fanfest, held in CCP's home town of Reykjavik, Iceland.

Konami has confirmed European gamers will get access to the Metal Gear Solid 4 database after all - and there's not long to wait.

Ryan Payton, assistant producer on Metal Gear Solid 4, has confirmed there will be further instalments in the series - though they won't star Solid Snake.

Atari has assured us a playable demo for Alone in the Dark is still coming to Xbox Live Marketplace.

Disenfranchised: no word better describes Final Fantasy VII's once-upon-a-time lovers. Where fans of the seminal RPG would once announce their devotion to the game with boldness, nowadays - outside of the dew-eyed cosplayers and fanfic writers - few would be so ready to admit this is a world and clutch of characters they once adored.

According to a Financial Times report, representatives for the Beatles are talking to both Activision and MTV, the owners of Guitar Hero and Rock Band respectively, about creating a "Beatles-themed game".

Activision has confirmed the newest instalment in the Call of Duty series will feature an online co-op mode for up to four players.

Eidos has confirmed the latest instalment in the Tomb Raider series will be released in November.

Published as part of our sister-site GamesIndustry.biz' widely-read weekly newsletter, the GamesIndustry.biz Editorial is a weekly dissection of one of the issues weighing on the minds of the people at the top of the games business. It appears on Eurogamer a day after it goes out to GI.biz newsletter subscribers.

Silky-haired game designer Cliff Bleszinski promises there will be no online host advantage problems in Gears of War 2 multiplayer.

Atlus is working on a DS game that sounds an awful lot like PC classic Dungeon Keeper.

Disney is making a game about Bolt, who is a super-dog with laser beam eyes and a sonic boom bark.

Another snippet here from John Riccitiello's very illuminating talk with the William Blair and Company investor conference earlier this week: the EA chief noted that BioWare's MMO is scheduled to be released in "fiscal 2010" - that is, between April 2010 and April 2011.

Polish developer CD Projekt has finally set a new date for its Enhanced Edition of The Witcher.

The patch notes for World of Warcraft test servers indicate that the level requirement for mounts is to be lowered from 40 to 30.

Namco Bandai plans to release an anime-inspired Wii fighter-pilot game in Japan this autumn.

It says something pretty significant when some of the most exciting and promising innovations in the music business are coming straight out of the videogames industry.

Developer Moss has decided to bring its arcade scrolling-shooter Raiden IV to Xbox 360.

Microsoft is readying its first professionally XNA-developed Live Arcade game Schizoid for July.