It's Official! PS3 Slim and Price Drop | Breaking News

After months of speculation, internet rumors, and even Publishers threatening to jump ship, Sony has finally dropped the price of its PS3 console. Shaving $100 off the price-tag, the new $299 price, is of course, a welcome piece of news to those that have been waiting to get a PS3.

And to top that with a proverbial cherry, the other rumors of a PS3 redesign are also true. Sony has officially confirmed the PS3 Slim, sizing in 33% smaller, and 36% lighter (and for the green in all of us; uses 34% less power).

The new system sports a 120gb hard drive, but otherwise the same old features as before; which if you don't already have a PS3, I suppose are new features.

Let us know in the comments, is this enough to get you to purchase a PS3 now? With all the great first-party games coming up (Uncharted 2, Heavy Rain) and the current catalog (Killzone 2, Little Big Planet and Metal Gear Solid: 4) my recommendation is a hearty "aye".

Check out the pics below!

Sony lowers the price on the PS2...

No, that is not a typo. Yes, the PlayStation 2 just received a price cut. What's that you say? You want Sony to drop the price of the (current gen) PS3? Get in line, as they've said that a PS3 price cut is not in any immediate plans. Considering the PS2 has been out since 2000, how many of you are excited about a $30 price drop for a system almost 10 years old? The news is/was presented as this huge announcement from Sony - only to drop the dud that is a PS2 price drop. Sony, though we applaud your "10-year life cycle" fluff, anyone who follows the industry has moved on from the aging platform to even care about saving $30. Sure, will you sell a few more PS2's? Yeah, probably, and by now, I would have to think that each PS2 sold is pure profit - allowing them to make up from the impact of the sluggish PS3 sales.

C'mon Sony - give the public what they want. They want a PS3, it's a great machine, but for being out for over 2 years, it's still $400.

[Source: Gamesindustry.biz]