Sony announced at Gamecom that there will be a PS3 slim coming this fall at a price of $299.99 USD. Price affects all current 80gb PS3s as well. Same features as current models except the HDD has been bumped up to 120gb. This puts Sony's console at the same price of the now $300 XBox 360 Elite.

This is going to help Sony big time. Too bad I already have a PS3.