PS3 Slim
Jack Tretton (President and CEO of Sony Computer Entertainment of America) provides a video shpiel full of marketing-speak, but the gist of the big news is that Sony will release a slim, $299 version of the PS3 on September 1 (in North America) and will immediately lower the price of existing PS3′s to $299. Glad I waited!
Sony unveils slimmer PS3: $300, lands in September (updated!) (via Engadget)
Engadget also has an unboxing video: PlayStation 3 Slim unboxing and hands-on!
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