Why is the PS3 slim such a big deal to everyone?

[Gilgamesh]

Smaller PS3 equals cheaper PS3 equals price cut

And I do believe the Japanese like small sleek technology so it should do good for sales in Japan

Also it's like a new PS3, the old PS3 has so much history and 90% of it is bad, the Slim is like a new beginning it could bring in a lot more consumers.