Sony has announced that PS3 will be released in a new slim version (33% smaller), the new version is reduced in size by using newer components that use less energy and thus enabling smaller cooling etc.
Price for the new model is suggested at; $299 with a 120gb hdd which is cheaper than the old version.
Nice, but if Microsoft did the same to their XBOX360 and added a blueray drive (why the f… have they not done this yet!!) I think that would be way cooler. PS3 games are way too expensive..