While many people are looking for the latest and greatest video game systems around, Sony is looking for ways to improve upon the classics that they already have in their arsenal of great systems. The latest victim on the surgical table of overhauls is slated to be the PlayStation 2, which is expected to be released in a newer as well as cheaper version in 2008.

The newest model is expected to be the smallest yet, and also the cheapest with an estimated price tag of only $99, which is well below the standard prices for the Microsoft Xbox 360, Nintendo Wii and even the PlayStation 3, consoles. Offering the ability to still play all PlayStation and PlayStation 2 games, but with a smaller and sleeker style, this is sure to be a great affordable option for many who have passed up buying a new PlayStation and instead wait impatiently for the PlayStation 3 to drop in price.