Sony has officially announced their PlayStation 3 Slim that will retail for $100 less than the current PlayStation 3 fat which is also being reduced in price.

According to Gizmodo, the PS3 slim will come with a 120GB drive, and will be 32% smaller and 36% lighter than the standard PlayStation 3, as well as using 34% less power.

The $300 price will apply to all PlayStation 3s and the Slim will be available to the public during the first week of September.

The current PS3 model will be reduced to $300, whereas the 160GB PS3 will be $400. There will be a new PS3 logo as well as modifications to the official name from PLAYSTATION 3 to PlayStation 3.

It’ll also have a BRAVIA Sync feature that’ll allow you to control the PS3’s XMB with your Sony TV remote as long as they’re connected via HDMI. And the TV will automatically turn off the PS3 when the TV goes off.

Sony also says that they’re eliminating the feature of installing other operating systems on the Slim, so no more Linux.

And there will only be two USB ports.

To shop for the current Sony Playstation 3 please click here.