Sony Computer Entertainment Inc., a subsidiary of Sony that deals with consoles and digital entertainment, reportedly said its PlayStation 3 console would be functional by May, 2005, confirming earlier available information.

“Sony has cryptically announced that the PlayStation 3 will be in playable form at E3 in May. Additionally, Sony will make an announcement about the system at the end of March,” a news-story over Voodoo Extreme web-site says.

While currently it is unclear whether there are any actual titles to showcase by May at E3 show, or the company plans to roll-out certain tech demos. However, the information confirms Sony’s earlier announced milestones for the console.

Sony’s PlayStation 3 console is projected to be based on the set of innovative technologies by a number of companies. The next-generation console will be fuelled by the Cell processors, new graphics processing unit jointly developed by NVIDIA Corp. and Sony, XDR DRAM memory and interfaces developed by Rambus as well as will use Blu-Ray discs for content distribution.

Sony originally said it will reveal more details on the PlayStation 3 at a premiere event in Japan on March 31, 2005. The console will also be on display at next year’s E3 confab in Los Angeles, California.

In order to make the console work Sony will need to have all crucial components for the machine – the Cell processor, the GPU, supporting logic and XDR DRAM – available in silicon.