Sony to debut slimmer PlayStation 3 at E3?

It's not clear exactly what's going down, but the hot whispers right now say that it's the long-rumored slimmed-down redesign of the current console, not just a color change or storage bump. That makes a certain amount of sense, given the endless chatter of a price cut and Sir Howard Stringer's recent comments about the system being too expensive -- a trimmed-up redesign is right on schedule with those smaller Cell and RSX chips, and it could still possibly include some of that rumored motion-sensing hardware while driving down costs.