Yes, you read the headline correctly. Sony announced today during Europe’s GamesCom that the new PS3 Slim was, in fact, a reality and would retail for $299 beginning in early September. Until the new consoles hit the market, the prices of Sony’s current PS3 offerings are being slashed accordingly — the 80 GB version will sell for $299 and the 160 GB for $399. The PS3 Slim will feature a 120 GB hard drive. So if you still haven’t picked up a PS3, now might be the time.