Paid PSN announced

PlayStation Plus launching later this month

Sony's just announced the paid PSN subscription service, PlayStation Plus

Paying PSN subscribers will gain access to exclusive digital content, beta invitiations, full PSN games, games on demand and discounts on the PlayStation Store, Sony says.

Subscription will arrive later this month and costs $49.99 for a year's subscription or $17.99 for three months. For a limited time Sony will be giving away three months for free.

As it stands, PS Plus users get WipEout HD for free, an InFamous trial, 2 PS Minis and Rally Cross on PSOne.