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Can you upgrade the hard-drives in 12GB PS3's?

I have a perfectly functional fat PS3 but for £120, I'm thinking of just picking up a new PS3 to have as a spare. Could give it to my parents as a Netflix machine in the meantime or something. But only if I could upgrade the hard-drive, would be kinda useless to me otherwise.

As for games I'm looking forward to, I'm really hopefuly about Rain (it's time Japan Studio wowed me again), but Sly Cooper, Tales of Xillia and Ni No Kuni are my most wanted.