If you have been paying attention to all of the news coming out of E3, you probably heard that we introduced a new subscription service called PlayStation Plus, which will be available on June 29.

PlayStation Plus is a service that lives on top of the current PlayStation Network. So, while users will continue to have free access to PlayStation Network’s unmatched and ever-growing suite of new and exclusive content, services, and community focused tools – just as they do today – PlayStation Plus subscribers will gain access to an exclusive set of features and content designed specifically for gamers.

When you subscribe to PlayStation Plus, you’ll get free games and DLC (pretty sweet), frequent discounts on PlayStation Store, early invitations to select betas of popular games, and free monthly episodes of Qore – our high-definition, interactive gaming lifestyle show.

You’ll also enjoy new functionality such as Full Game Trial where you can “try before you buy” – play a Blu-ray or PSN game for up to one hour and then you can buy the game, download it and keep your progress and trophies. Another cool feature is Automatic Downloads that will push select demos, game related videos, patches and firmware updates to your PS3 so you don’t have to think about it.

Total it up and you’ll get hundreds of dollars of value through the year with exclusive digital content from both our World Wide Studios Group and our publishing partners.

And every month we’ll be adding new content and continually adding new features, making PlayStation Plus an incredible value, time saver and ticket to front-of-the-line access.

At launch, PlayStation Plus will offer subscribers the full PlayStation Network game, WipEout HD, full game trial of inFAMOUS, PSP minis and PS One Classics such as Fieldrunners, Age of Zombies and Rally Cross, as well as premium avatars, themes and DLC levels and map packs.

Additionally, subscribers will always have access to their virtual library of free games for as long as they keep their PlayStation Plus subscription. In all, subscribers will get an unprecedented amount of value, access and convenience and, in the first month alone, will receive more than $50 worth of content.

PlayStation Plus will be available for a yearly fee of $49.99. We are also running a “limited time offer” giving subscribers 3 free bonus months for signing up for a yearly subscription – so those who sign up now will get 15-months of PlayStation Plus. Consumers also have the option to subscribe for 3 months for $17.99.