slimmer PS3 and big price cut
Sony Introduce Slimming PS3

After weeks of rampant speculation, wild rumors and unconfirmed sightings, as well as the leaking of grainy photos and shaky video footage, Sony has finally revealed the truth: Bigfoot does, in fact, exist.
Sorry. What I meant to say is that Sony today revealed that the PlayStation 3 Slim exists. And consumers will be able to buy the new game console — a PS3 that comes with a thinner, lighter shape and a 120-gigabyte hard drive — for $299, which is a whopping $100 less than the PS3 has been previously priced at.
During a press conference in advance of the GamesCom video-game convention in Cologne, Germany, Sony executives announced that the PlayStation 3 Slim will be available starting Sept. 1 and that the company will also drop the price of the current 80 gigabyte PlayStation 3 to $299 — effective immediately. Meanwhile, its 160-gigabyte model will drop from $499 to $399. (Both the 160- and 80-gigabyte models will be discontinued once they sell out.)