According to The Next Web Sony revealed its new Play Station 3 at the 2012 Tokyo Games Show on Friday.

The new slim version of the console, that is 20 percent smaller than its predecessor, will make its North American debut on the 25th September followed by a worldwide rollout in October that includes Japan and Europe.

Other features of the new PS 3 include a decrease in weight of about 25 percent, the choice of two storage options - 250GB and 500GB and a sliding disk cover, with a characteristic curved body design. The console will also be available in black and white.

The post also mentions that:

“Notably, Europe (and other PAL territories like Hong Kong) will be graced with a 12GB flash memory equipped version; that will allow those that have manually swapped their PS3 HDDs for SSDs to gain significantly improved game performance.”