Sony is to start selling its revamped PlayStation console, the PSX, in Japan later this year.
The console bundles gaming and entertainment
The machine will be relatively expensive, costing 79,800 yen (£429), but Sony said it hoped to attract those looking for a good quality DVD player.
The PSX is being touted as a do-it-all games console that combines a 160Gb hard disk, DVD recorder and TV tuner into one box.
The machine is thought unlikely to reach the US or Europe before 2004.
The PSX is seen as a "hybrid" device that the electronics company hopes will appeal to serious game players, but also fans of its other products.
It has gaming at its heart with a PlayStation 2, but is also an entertainment system with a satellite TV tuner.
It can record more than 200 hours of TV, play DVDs, as well as digitally record and play music, all bundled in a shiny silver box.
"The price was in line with our expectations and it is likely to have a solid appeal for buyers of DVD recorders," said Masahiro Ono, a senior analyst at Credit Suisse First Boston.
A deluxe version with a 250GB drive will also be available for around £500.
Sony will also start selling a separate DVD recorder with a 160Gb hard drive in November for about 100,000 yen (£540).
The company hope the PSX, which people will be able to operate with the familiar game pad, will help boost its flagging sales by becoming as essential as a TV, video recorder or DVD player is now.
In May, the company's Chief Executive Nobuyuki Idei said they would be concentrating on the convergence of its profit-making games business with consumer electronics for future growth.
Mr Idei said there were no details yet of when the PSX would be available in other countries.
The machine is expected to go on sale in Europe and the US in 2004.
Sony is showing off the PSX at the CEATEC, (Combined Exhibition of Advanced Technology), exhibition in Japan.