Rumors about PS3 Slim have been going around for almost a year, and finally today Sony announced the new PS3 Slim that is 32 percent smaller and consumes 34 percent less power, but has all the features of present generation PS3. The new PS3 Slim will come in matte black finish in place of piano black and it will have 120GB hard drive. The new model also saw $100 price drop and now its priced $299.
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