Sony Announces PS3 Redesign and Price Cut

And there you have it, the fabled Sony PS3 price cut as well as confirmation of a trimmer, slimmer iteration of the PS3 after over a year's worth of gossip and false leads and photo-forgeries.

The PS3 slim looks, as you'd expect, kind of like a diet-PS3, except for the part where it's still full-featured only priced $100 less. Make that 33 percent smaller, 36 percent lighter, roughly as tall, but thinner, with a matte finish along the top and glossy sides.

On today's podcast we talk to CNET executive editor David Carnoy about the newly announced PlayStation 3 Slim from Sony. It may be smaller and cheaper than the older model, but is it missing features?

We also talk about iTunes market share, lawsuits against Facebook and Twitter, and one of the largest data breaches in U.S. history.