Slim Version of Sony PS3 Could Be on Its Way

Rumors of the Sony PS3 slim have been circulating for months, but lately they've become much more than rumors. Reportedly, Sony will unveil the slim PS3 in Europe in September.

In addition to its newly trim figure, the PS3 slim will also come with a substantial price cut. It is expected to sell for about $424 in Europe, which is $141 less than its current price.

Allegedly, Sony will only issue the PS3 slim as a limited edition rather than a replacement of the original console. Sony continues to refuse to discount the price of the current console, which might account for its lagging sales.

The device will be officially unveiled at Gamescom next week. There is no word as to when the PS3 slim will appear on North American shelves.