The new Playstation system from Sony is 33 percent smaller, 36 percent lighter and 34 percent more energy efficient. The system packs all the functionality of the current Playstation 3 models including the Blu-Ray player and a 120GB HDD. Sony have reduced the price of the system significantly, with the Slim now carrying a smaller price tag at $299.99/£249.99/299.99 Euros.

If you've been holding off on a Playstation 3 for a while, there's never been a better time.