Update: Sony has confirmed that the long-rumored PlayStation 3 Slim will be in stores the first week of September, priced at $299.99. It will be 33 percent smaller, 36 percent lighter, and should retain all the features and functions of current PS3 consoles but with a 120GB drive. Check out some images from entertainment media retailer FYE could be an indication of this. The ad describes a new low price for current models “while supplies last,” cutting the price of the 80GB console to $300 (down from $400) and the 160GB version to $400 (from $500). Whatever the case may be, we’ll probably know for sure later today when Sony is slated to begin its press conference at GamesCom.