It looks as though Sony is looking to cash in on Nintendo’s Wii supply shortages for the holidays. As you probably know, they have just released a cheaper version of the system at $399 for 40GB.

This and reports of PS3 sales catching up to the Wii in Japan combine to solidify Sony’s place as a contender in the race for console domination (though they’ve still got a ways to go) .

The company just started a new marketing campaign over the weekend to push the 40GB system and its games, not to mention it’s Blu-ray playing capability. The console is even being bundled with Spider-man 3.

For more on this, check out this article at SF Gate.