Sony Shows Off The New Slim PS3

After rampant rumors, Sony announced a new, slim PlayStation 3 at GamesCom Tuesday.  Available the first week of September and retailing for $300, it's smaller (32 percent less space), lighter (3.2 kg), has a 120 GB HDD, consumes less power, yet has all the same features of the regular PS3. Existing PS3s have had their prices dropped $100, but why pay for the 80 GB version, when you can wait a few weeks and get the 120 for the same price.