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Sony Officially Announces PS3 Slim
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Sony Officially Announces PS3 Slim

After what seemed like months of rumors, Sony has finally officially confirmed a new PlayStation 3 console today dubbed the PS3 Slim.  It's 32% smaller, 36% lighter and consumes 34% less power.  It'll sport a 120GB hard drive, Wi-Fi and a matte black finish.  The best part about the console is the price - $299.  The console won't be backwards compatible with PS2 games though.

The original PlayStation 3 is dropping in price as well to the same $299 until inventory is cleared out.  Sony plans to launch the new system the first week of September world-wide.  

So who is picking up a PlayStation 3 at the new price?

It's already available for pre-order on Amazon.