Starting September 1st, you'll be able to get a revised Playstation 3 for $299 (i.e. the same price as the current Playstation 3, which comes with a smaller hard drive). So what's different?

The internal design architecture of the new PS3 system, from the main semiconductors and power supply unit to the cooling mechanism, has been completely redesigned, achieving a much slimmer and lighter body. Compared to the very first PS3 model with 60GB HDD, the internal volume as well as its thickness and weight are trimmed down to approximately two-thirds. Furthermore, power consumption is also cut to two-thirds, helping to reduce fan noise. While inheriting the sleek curved body design of the original model, the form factor of the new PS3 system features a new meticulous design with textured surface finish, giving an all new impression and a casual look.

A "casual" look? I wonder why they used that word. The charcoal finish will save you a fortune in Windex, which was an unlisted ancillary cost of owning the original glossy black PS3.