Sony announced today that the highly rumored PS3 Slim is in fact, real. The PS3 Slim will be available in September with a price tag of $299.The PS3 Slim will be 33% smaller and 36% lighter than the current models. It will also feature an 120gb hard drive and use 34% less power. It will ship with the same 2.76 firmware so an update to 3.0 will be required. As with other models, the PS3 Slim will not be backwards compatible. The console features more rounded curves than its angular predecessor, but will have the same slot-loading disc drive and 2 USB ports. A significant change in the design features actual Power/Eject instead of the touch sensitive ones.

In addition to the announcement of the PS3 Slim, the prices on all existing models of PS3 will be dropping tomorrow also to the tune of $299.

Sony’s announcement comes from Gamescom 2009.