"The current PS3s already have efficient functionality with the shrunken 65nm Cell processor, but now things are going to get even smaller. Sony and Toshiba have plans on mass producing a 45nm Cell processor starting in 2009. The plan is to integrate them first into PS3s. The result of which will allow PS3s to save power up to 40 percent.

"As usual, smaller chips mean less heat, less space, and more reliability. Engadget suggests that this new hardware revision could usher in a price cut and a PS3-slim model. All seems logically sound, though -- even if the chips were produced early in the year -- we still wouldn't see the end product until late 2009 at the very earliest. So if you've been holding out for a PS3 until the slim comes into town ... you've still got a long wait ahead of you buddy."

Source

Saving power = win.

Argh, oh well my 40GB gets the job done at least.

I wonder what it would look like. I'm fine with my current one and I wouldn't change just for this though it's good for others who get it in the future.

I don't think we'll see a slim PS3 this year, and probably not until Nov. of next year. I think releasing a slimmer/slicker looking PS3 now would just slap current owners in the face, and I don't think Sony wants to do that.

I think the reason why the current PS3's have the power adapter built inside of it is for business purposes really. Because now, just like with the PS2, they can later take out the power adapter and put it on the cord (like the 360) which would obviously reduce the size of the PS3. And then there'd be a nice boost in sales for them.