An anonymous reader writes: The rumors of a Playstation 3 being slashed from $399 to $299 is here and K-Mart let the cat out of the bag as it features an ad on its home page that reveals the price cuts as well as the announcement of a new Sony PS3 Slim edition, priced at only $299. You can go ahead and preorder the new PS3 Slim for $299 and it will be available on August 24th, 2009. Sony has a press event today, which I'm sure will announce the details of the new PS3 Slim as well as the price reduction. Perhaps there will be even more news to be had.
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