Rumors, like little boys’ dreams, can come true.

The PlayStation 3 Slim is real. Unveiled at Sony Computer Entertainment’s press conference in Cologne, the smaller hardware will see an early September release at all major retailers. The Slim model ships with a 120 GB hard drive, a Dual Shock 3 controller and an HDMI output. It’s priced at $299.99, which should give the hardware some extra steam come this holiday season (comparitively to thestill $399 160 GB console).

The PS3 Slim has been rumored heavily. The first stirrings were in May, when a Chinese blogposted an imageof the Slim’s smaller shell. Since then, retailers likeAmazonandK-marthave listed the console at different times. Understandably, Sony never commented on the sleeker system, but c’mon, we all knew this was coming.

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[Update 3:For more details and an image gallery,check out this post.]

[Update:Engadgetappears to have an official image of the unit, which we can’t confirm. But it sure is pretty. Check it after the jump.]

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[Update 2:We now have all the images, including comparison shots. The Slim is pretty and tiny; confirmed.

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