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Well there where a statment of a Sony rep, the 40 GB woud still use a 90nm processor. Well, that was wrong:

Source IGN 

Today, Sony Computer Entertainment boss addressed the issue directly. In an interview posted at Japan's Impress Watch, Kaz Hirai confirmed that the new model uses a 65nm process for the Cell chip.

The system's RSX graphics chip, on the other hand, still uses a 90nm process. However, the shrinkage of the CPU alone was enough to cut the power usage of the system considerably.

Elsewhere in the interview, Hirai commented on the future of the backwards compatible 60 gigabyte and 20 gigabyte (still available in Japan) models. He confirmed that neither model is in production at the moment. However, he added that depending on how the market reacts, it's possible for Sony to produce them again.

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I find that quite intresting.