From MCV:

Rumours and speculation have been rife for many weeks now, but MCV can reveal that Sony is clearing PS3 hardware stock from the channel ahead of what is expected to be a new price point introduced from early September.

The rumormill has been running rampant in regards to a slim PlayStation 3, and the latest news from the UK shows that we re probably looking at a system refresh in September.

PlayStation 3 and Sony have been lagging behind in third-place after getting to the market after Nintendo and Microsoft, and at a significantly higher price point.  Sony needs to move quickly by aggressively cutting the PS3 price point ahead of this year’s all-important holiday season.