Sony could be announcing the anticipated release of the PS3 Slim. This could be as soon as next week where Sony will be holding a pre-event press conference at the Gamescom expo in Cologne, Germany and the console could be in-store as early as September.
Some retailers are cutting prices on existing PS3 stock, which is a good indication of clearing existing stock prior to the introduction of the new model. This could be an opportunity to pick up a PS3 at a knock down price as retailers clear existing stock.