Online news sites are reporting that the spring 2003 issue of Electronic Design Chain, an electronics trade magazine, features PlayStation creator Ken Kutaragi on the cover, and also contains very surprising news about the Playstation 3.
According to the reports, Kutaragi mentions that final production of the "Cell" chip, originally thought to be used in the PlayStation 3, may not be ready until 2007. He also confirms that the CPU in the PlayStation 3 will in fact not be the Cell processor, contrary to earlier reports.
With a targeted PlayStation 3 launch in 2005/2006, delayed production of the Cell processor may have caused Sony to find a different solution for their next-generation console. Check back with IGN for more news as it happens.