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There were reports last year that the Cell was able to be shrunk from 45 nm (the current size of the Cell on the super slim) to 22 nm. A new model is not out of question though whether it will just be the internals being changed or a whole new model, who knows? Why the new PS3 model hasn't come out yet, probably because Sony did not want to take attention away from the PS4.

It would be great if the PS3 gets its last revision. Very affordable with an attractive design will help keep it going for the next few years. Heck, I'll be enticed to get one myself if it does happen.