PS3 Slim to Cost 260 GBP?

You might have thought you'd heard the last of the PS3 Slim stories – well tough luck, because the torrent of rumours is unlikely to cease until this year's GamesCom.

UK broadsheet The Telegraph is rumouring that the slim-line SKU is to be announced at the Cologne show later this month – and is as bold as to detail some of the console's specifics.

The PS3 Slim, according to the report, is to come in 40 GB and 80 GB flavours, with a price point starting at around 260 GBP (which translates as 440 USD at the current exchange rate – though with the unique exchange system employed by the videogame industry, expect it to come in well below that figure if The Telegraph's musings are true).

That would mean that the new system would undercut the existing PS3 model, which currently carries a 299.99 GBP price tag.

The Telegraph cites the ramping up of production of PlayStation components in the Far East as potential evidence for the new console. If you're sick of all the PS3 Slim rumours, you'd be well advised to stick your fingers in your ears and keep them there for the next two weeks.