The first announcement flowing out of the Sony Playstation Event is the confirmation of the PS4 Slim.

Andrew House, CEO of Sony Interactive Entertainment, announced the Slim model, priced at $299, is a more compact version of the PS4, with the same hardware present internally.

The PS4 Slim will arrive in stores September 15, most likely to allow for Destiny:Rise of Iron bundles to be available to push the newly redesigned system.