We came across this article about old PlayStation 3 rumors which are just hilarious to read now. Take a gander and have a laugh at what some of these sites try to pass off as fact to get traffic.
The oldest article we found about the Playstation 3 is dated from 1999. The Register featured a story talking about Sony's Processor strategy. In there it says that Sony expects to release the Playstation 3 in 2002. In a story on The Inquirer from April 2003 the possibility of a delay of the Playstation to 2007 was stated.
In 2002 a story went around that the Playstation 3 is all about Grid computing and is working with IBM to achieve 1,000 fold performance increaese compared the Playstation 2. See ZDNet article.
In January 2003 a patent was discovered that looks like it describes the architecture of the Playstation 3. See this story on The Inquirer. Then in later news: the PS3 will have facial recognition built-in see the Story on DesignTechnica.
Besides that there are already tons of Web sites dedicated the Sony Playstation 3 reporting mostly about fake Playstation 3 photos and rumors, as hard news are just not available.