US retailer are further stoking rumours that a new PlayStation 3 SKU is on the way, at least in North America, a conference call with investors revealing that 80GB stocks will not be replenished, and will instead be run down.

In the meantime, will release a new 120GB model, complete with a Dual Shock 3 controller as previously hinted. No release dates or prices have been offered, but news later this month at the Game Developers Conference is entirely possible if all this gossip proves true.

Sony are stating "no comment" stateside, with the European division denying all knowledge of a 120GB model.

In more fanciful related news, CVG are citing a T3 report which purports to confirm the existence of a "Slim & Lite" PlayStation 3. According to the gadget mag, the new console will be slimmer and, yes, lighter, and will follow in the tradition of the PSone, PStwo, et al.

Idle gossip suggests that this new console might even be the 120GB or 160GB models hinted in various chatter of the past, but this is of course all conjecture at present.

More on all this as we get it.

This news is taken from our sister site tech.tm.

By Luke Guttridge