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This is the 40 GB (/80 GB) model motherboard lacking PS2 chips:
http://farm3.static.flickr.com/2027/1802652525_aa0c26b42a.jpg

This is what was on display at CES:
http://www.generation-3d.com/UserImgs/imgs/Console/Playstation3/sony_ps3shrink.jpg

This is the original PS3 motherboard design:
http://www.generation-3d.com/UserImgs/imgs/Console/Playstation3/sony_ps3original.jpg
http://farm1.static.flickr.com/185/463096475_9dde805cd4.jpg

It has certainly gotten smaller and is said to be more efficient.



Naughty Dog: "At Naughty Dog, we're pretty sure we should be able to see leaps between games on the PS3 that are even bigger than they were on the PS2."

PS3 vs 360 sales