Well this was not a surprise as it has been photographed and rumored for a while and the PS3 is now only $300. Fuck, I paid $600 for my OG 60 GB, but it was worth it. The new PS3 Slim is obviously smaller and lighter than the original Playstation 3 but if you must know it is 33 percent smaller, 36 percent lighter and 34 percent less power use. The PS3 Slim will be launching in the first week of September for $300 in the US and 3oo Euros in Europe with a 120 GB HD. I know it is only August, but I imagine many kids will be receiving these as gifts this holiday season due to the price drop.
Updated with the official pics, check the gallery after the jump.