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Slimmer PlayStation 4 will be available September 15th, cost $299

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The worst-kept secret in gaming is now official: at an event in New York today, Sony finally announced the much leaked slimmer version of the PlayStation 4. It will cost $299 and be available on September 15th "in most markets."

The new console is functionally nearly identical to the original PS4, but with a new streamlined design that makes it noticeably smaller. The slim PS4 also comes with a slightly updated version of the DualShock 4 controller with a redesigned light bar that’s now visible from the front.

The existence of a smaller and slimmer PS4 has been known for some time, though Sony had yet to officially confirm it was real until today. The console first popped up on auction site Gumtree, and eventually sites like Eurogamer managed to check it out in person. Someone even reviewed the slim PS4 before it was officially announced.

The redesigned version of Sony’s console comes nearly three years after the PS4 first launched, and follows the recent announcement and launch of the Xbox One S, a sleeker version of Microsoft’s flagship game console.