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platformmaster918 said:
There is NO way that it is that tiny compared to the original. That would just be epic but I doubt it.

You see that? that big chunk of PS4 is the PSU. On the XB1 it makes that power brick that comes with it. The current PS4 can be about 2/3rd its current size if they made that brick external. 

Now with manufacturing potentially allowing them to use half as much space for the apu,memory and a smaller fan, then with an external PSU, do you really still think its impossible?

Anyways, if that is really how the PS4 slim looks, that's one stupid fine console.