I could see this being real, If it is it means Sony's already making the thing, and it will be hitting stores sooner than we all think, and I doubt that's a Japanese box. ($300 PS3 may happen finally.)
I definitely see them dropping the chrome/shiny surface to drop the price so that's holding true. It's hard to decipher just how small the system is from the pic, looks like it's in between the pstwo size and current PS3 model size, and thin. Sony has already patented new heatsink technology, which is widely speculated to be for this thing. The pics they show don't look all that hot, but i'm willing to bet it would look a lot better put together with high quality photos - what we'd see at e3.
I wish all the text on the side and the PSN part was visible, maybe we could see if they've managed to add PS2 bw compatibility. It's not going to look as good as the current PS3, but it will be smaller - I guess early buyers will get something then, as well as old stock being able to sell.
