Sony just took the wraps off its new PS3 Slim at Gamescom in Cologne and apart from the fact that it looks more like a Seagate external hard drive than a cutting edge gaming console, we have to say that we’re really digging the looks of the PS3 Slim. Other than a 120GB drive and new frame which takes up 32% less space, the other advantage the PS3 Slim has is that it sucks down 34% less power. Of course, the price is pretty much all anyone who is eyeing a PlayStation cares about and it’s going to run you $299.99. Come the first week of September, it will be possible for most Americans to buy the latest PlayStation without taking out a second (or third or fourth) mortgage.

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