Sony PlayStation 3 120GB (PS3 Slim)

To the casual observer, there's nothing particularly slim about the newSony PlayStation 3's ($299.99 direct) sleek black housing—it's only when you compare it with its nearly three-year-old counterpart, the previous-gen PS3, that you see how much smaller it is. The bigger news here, however, is the $100 price drop; the original PS3 retailed for $600 when it launched in 2006, and up until last week, the least-expensive PS3 you could buy was $400—and that was for a console with an 80GB hard drive. A more-reasonable $300 now buys you an incredible gaming device that's more compact, sports a roomier 120GB hard drive, and is one of the best Blu-ray players you can find.

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