Sony announced the PlayMemories Studio at CES earlier in the month.

According to Electric Pig, the application will retail for €10 (£8 / $13). The PS3 based toolset will serve up crop and zoom tools, slow-mo, and a medley of sound and visual effects. It all sounds great if you've ever dreamed of turning your PS3 into a video editing tool — but we can't imagine many have.

[source electricpig.co.uk]