Its official now, Brand new Sony PlayStation 3 is now available for $299 flat.Sony has also announced a new, slimmer form factor 120 GB PS3 which will hit the stores from September 1st.
I had earlier blogged about the fact that Sony PS3 Manufacturing costs had dropped by 70% and the price cut for the PS 3 was just a matter of “when” rather than “why”.
In the video embedding below, SCEA President and CEO Jack Tretton shows off the new hardware in this video. You can also find some interesting pictures of the new hardware here.

Well, I am sure you too are as excited as me. What are your views about the latest price cut and the slim edition announcement?
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