PlayStation 3 now $299, slimmer version coming September 1st

It’s confirmed!  what we all figured for months now The PlayStation 3 is now available for $299. Today, Kaz Hirai also announced a new, slimmer form factor 120 GB PS3 (available September 1st). SCEA President and CEO Jack Tretton shows off the new hardware in this video.

So now here’s the burning question are you buying the old PS3 80GB HD or waiting for the new  PS3 Slim with 120GB HD?