Update: PS3 Price Cut Imminent, PS3 Slim Priced at $299.99 for 8/24 Release

From DailyTech: The rumors appear to have been true and the official price cut for the PlayStation 3 will be happening soon. There have been plenty of reports that a “slim” PS3 will be announced some time this month along with price cuts for existing “fat” PS3 units (currently available in 80GB and 160GB variants).

Now the first confirmed reports of signage pointing to the $100 price cuts are finally starting to make an appearance. Over the weekend, FYE leaked signs showing the 80GB and 160GB PS3s priced at $299.99 and $399.99 respectively – this marks a $100 price cut for each model. The ad notes that the pricing is “while supplies last”.

Engadget notes that further confirmation came from none other than Kmart. The retailer has an ad running on its website that notes “The Rumors Are Reality -- New Low Price & a New Exciting PlayStation 3”.

Kmart has a pre-order page on its website for a "Sony PS3, SLIM" priced at $299.99. The release date is listed as 8/24

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