The release of the the PlayStation 3 120G (Slim) model goes on sale officially today though many stores have been selling the system since last week on Tuesday and Wednesday. I personally received my PS3 Slim from Amazon last Friday. With the release of the system, the new firmware releases as well. Sony has officially said that this would be their last “big” update for the 2009 year, but that minor updates may be in the near future. Read more for full 3.0 details.

Engadget has just revealed photos at GamesCom of Sony unveiling the PS3 Slim. The system will have the same features as the original PS3 but consuming 34% less power and 32% less space. Sony is also planning on reducing the price of the 80Gb model to $299 and the Uncharted Bundle to $399 as well. You can check out their post here. Click the post for more PS3 Slim pictures.

Here is some more information to fuel the fire for the PS3 Slim. K-Mart has put out the PS3 Slim as a product on their website listed for $299 and coming out August 24th. (Next Monday!) Check out their listing here. Now we really can expect a big announcement tomorrow at the GamesCom conference in Germany.

On August 19 in Cologne Germany, thousands will gather for Europe’s GamesCom conference in hopes of becoming Germany’s leading trade show for interactive gaming and entertainment. This debut event hopes to attract the entire industry, as well as anyone interested in video games or computers.

For the past few months there have been many articles flying around the internet as to when Sony intended to cut back on the price for the PS3 and the possible launch of the PS3 Slim. Well those articles seem to be going crazy as of the past few days. Read more…