The Sony Press Conference was arguably as impressive as the Microsoft one (which was a huge surprise, by the way). Many PlayStation fans were ecstatic about the upcoming Sony Motion Controller and there was one last thing that they were hoping for: a price cut for the PS3. It didn't happen of course. So, what happened to the PS3 Slim rumors?
Apparently nothing, but don't dismiss it quite yet. For one, big price cuts usually come at the end of the year. Secondly, while Sony is fighting to get some market share, it would be really dumb to announce a cost-reduced version coming later in the year. In all likelihood, Sony will avoid talking about any cost-reduction to avoid stalling the sales of current PS3 models.
And because Sony doesn't want to alienate their retail partners, they will probably help them sell current models before an upcoming one shows up, so keep your eyes open for stocking/availability issues. We're not confirming that the PS3 slim exists - it is just a rumor- but it is about certain that eventually the PS3 price will come down. It is a matter of when.