The MEGATON announcement has just happened, Kaz Hirai has just reaveled the PS3 Slim and a price drop on all other PS3 models effective now.
PS3 Slim will be release first week of September, priced at:
299 euros, 299 dollars and 29,980 yen.
The PS3 Slim is smaller, lighter, and has all the same features as current PS3 Models.
Kaz has left the stage, to thunderous applause.