The past few months, it has been raining clues, hints and leaks pointing at Sony prepping a PS3 "slim" SKU, as well as a price drop to boost sales, while Sony has been denying the product's existence. Many people expected a formal announcement to be made at GamesCom, but it seems K-Mart and Sears did not feel like waiting, as both have listings for a 120GB PS3 slim model at $299.
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Slim PS3 Revealed, Price Drop Included
by Rainier on Aug. 18, 2009 @ 10:20 a.m. PDT
At the heart of PS3 is the Cell Broadband Engine, one of the most advanced computer processors in the world, that enables massive floating point calculation, and Blu-ray Disc (BD) drive, providing a High Definition (1080p) next-generation gaming and movie experience in the home, as well as up to 50 GB of data capacity.