The new PS3 will have all the same features and functionality of the current 80GB/160GB models, but will feature a 120GB hard drive, and be smaller (33% smaller, 36% lighter, and 34% less energy usage).
The current PS3 stock has also seen a price drop. The 80GB model has been reduced to $299, and the 160GB Uncharted Bundle has been reduced to $399. Both will be replaced with the new 120GB Slim as stock is sold out.
The Slim will be released on September 1st, and several sites are already doing preorders. The new prices for the current stock are in effect now.
The new PS3 Slim...


