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I'm trying my hardest to get this cheaply so what about this:
Take out a new HMV credit Card - 1st purchase = 10% off
Go through Quidco - 10% off
Total charge £339.99
I reckon students (with a good credit rating) could do the same in-store with their student card.
MOD EDIT - Quidco on consoles
more...

The Playstation 3 is not available to pre-order just yet but...
Assuming Virgin Charge the same as all the other retailers, £424.99, I calculate you can save yourself £63.54 by:
10% off Virgin Megastores (Using Virgin Credit Card)
5.5% Quidco
Can anyone beat that?
Zavvi Vouchers: 1.00, 50p - BOOKS50, 15% - 15EXP
