The PS3 Slim was announced today and not really much of a surprise. Sony did the same with the PS1 and PS2 and so inevitably PS3 was next. The new console consumes 34% less power, is 36% lighter and 33% smaller. The price will be a reasonable (finally) $299 and it will launch in September. The current consoles will be dropped in price as well, but no reduced price was given.