Of course, the 40GB will "suffer" the same "drawbacks" as it does in Europe and Japan. Namely, a lack of backwards compatability, fewer USB ports and no memory card readers. Expect a surge in the sales of the 80GB system. We're just confused as to why Sony is waiting until November 2nd to get this launched. It's almost been out for a week over in Europe.
[Update 1: Price-reduced 80GB systems are now available at GameStop. Also available at amazon.com]
[Update 2: Images of the 40GB box have been uploaded. Check past the break.]