This new PS3 reportedly has a 300 GB hard drive and a price tag of about $300, which would replace the current 160 GB model and make room for a $249 or $199 version. The publication speculates that the launch of the console might be tied to the outcome of Sony's lawsuit against hacker George Hotz, who jailbroke the PS3.
That, however, appears to be rather unlikely as that suit could last years. If Sony wants to build a walled garden around its PS3, it will do it any way since the console's vulnerability has been shown. Sony declined to comment on the rumor.