Sony unveils smaller, cheaper PS3 Slim

If you've been waiting for the PlayStation 3 to get cheaper before you jumped on board, your wait is over. Sony just announced the new PS3 Slim, a 120GB PS3 that slims down the form factor of the console while also slimming the price down to $299. It's 33% smaller and 36% lighter than the original, and it'll be available the first week of September.

Don't need a smaller console? The old, fatty PS3s are still available while supplies last, with a price drop on those guys to be announced tomorrow. All PS3s still stand up as the best Blu-ray players around, so now seems like as good a time as any to upgrade your movie discs.