Sony officially announces $299 PS3 Slim

Sony PS3 Slim(Credit: Sony)

Updated at 3:15 p.m. PDT with GameSpot's video unboxing.

Sony on Tuesday finally took the wraps off the much-rumored PS3 Slim and gave it the more affordable $299 price tag consumers have been clamoring for.

Sony Computer Entertainment CEO Kaz Hirai performed the unveiling at a press conference in Cologne, Germany, preceding the opening of the Gamescom Expo. He took the stage and announced the PS3 was "getting a new model" and that, indeed, it was called the PS3 Slim.

The Slim is hitting stores September 1 in North America and Europe and will cost $299 (or for those who live in regions, 299 euros or 29,980 yen). Hirai says the device has the same features and functions as the "old" PS3 but is 33 percent smaller, 36 percent lighter, and comes with a 120GB hard drive. (See photo comparison here).

Sony says that to achieve the new form factor, the internal design architecture of the new PS3 system has been completely redesigned--"from the main semiconductors and power supply unit to the cooling mechanism."

The PS3 Slim is powered by a new 45nm version of the Cell processor, which runs at the same speed as the 60nm processor in the "old" PS3 but is smaller and more energy efficient. According to company reps, power consumption for the Slim has also been cut to two-thirds, "helping to reduce fan noise," which is important.

Kaz Hirai unveils the PS3 Slim in Cologne, Germany.

(Credit: GameSpot)

On the cosmetic front, this model has a textured surface finish that gives the PS3 a fresh, casual look that the company hopes will make it more appealing to a wider audience (read: casual gamers). As previously rumored, the PS3 logo has undergone a redesign and Sony's changing the PS3 brand name from "PLAYSTATION 3" to "PlayStation 3" (we've actually been calling it the PlayStation 3 for a while).

Like the 80GB and 160GB models, the 120GB PS3 Slim has built-in Wi-Fi and two USB ports (sorry, Sony didn't add IR or backwards compatibility for PS2 games). You can also upgrade/replace the hard drive without voiding the warranty, though Sony has moved the hard drive from the side of the unit to the front for "easier access." (To remove the hard drive, you simply unscrew two screws). The one feature missing from the Slim is the ability to install another operating system (i.e., Linux)--Sony is doing away with that feature.

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