Here's some good news for prospective PlayStation 3 owners. At GDC 2006, Sony revealed that their new console will be region free, at least for games.
In a QA session following the platform keynote address at GDC 2006 this morning, Sony Computer Entertainment Worldwide Studios President Phil Harrison confirmed what was heavily demanded for import gamers all over the world and yet previously thought unthinkable for a major corporation: the PS3 will be region-free for gaming.
This is definitely good news, especially for those that like to import games from Japan. If you'd like to read more, the entire article can be found here.