David Carnoy of CNET writes:
"Needless to say, Sony hopes that a trimmed down--and less expensive--PS3 Slim will similarly invigorate sales of the PlayStation 3, which has lagged behind the Nintendo Wii and the Microsoft Xbox 360 and has taken some of the luster off the PlayStation brand (even as earlier versions of the PS3 received high marks from this publication). To many industry observers, the Slim PS3 represents a moment of reckoning for the PS3--a chance at redemption if you will--and clearly some serious engineering has gone into the creation of Sony's latest black gaming box and media player.
If you're a fan of the PS3 or have been sitting on the fence, waiting for its price to drop to $299, the good news is that from a features standpoint, the 120GB Slim PS3 is nearly identical to the 80GB and the 160GB "fat" PS3 models that Sony's in the process of phasing out. Aside from losing the capability to install another OS (Linux) on your PS3, nothing much else has changed."