Sony Computer Entertainment America (SCEA) announced today that the PS2 will retail for $99.99 on April 1. Having been available since 2000, the PS2 has sold over 136 million units worldwide in its nearly 10 years of existence.

"PlayStation 2 set the industry standard for worldwide mass market adoption and is a clear embodiment of Sony's commitment to platforms that deliver 10-year product lifecycles," said Jack Tretton, president and CEO, SCEA. "It's a tribute to outstanding technology, great consumer value and unprecedented development support that we've now been able to do twice what no one else has ever accomplished."

The PS2's library of games includes nearly 1,900 titles in total, 250 of which have reached "Greatest Hits" status. SCEA pledged to continue its support for the venerable console with titles like MLB 09 The Show and MotorStorm: Arctic Edge.

"Demand for PlayStation 2 remains strong throughout the world, and the new $99 price point will bring in new consumers who will discover how PlayStation platforms are an outstanding choice for their gaming and home entertainment needs," added Tretton. "Just as PlayStation 2 is delivering on a 10-year lifecycle and helped expand and solidify the DVD format for home entertainment along the way, we believe PlayStation 3 offers the same promise by helping secure the Blu-ray format and delivering unprecedented value as the total home entertainment solution for the next decade."