Recently a glimpse of Sony’s new redesigned PS3 slim (PS3-4000) confirmed that it actually exists, and comes with 16GB of flash memory. It is rumored to cost around $150 with 250GB and 500GB options available. A reveal at Gamescom in August is also uncertain, but sooner or later Sony has to let us in on the secret.

Microsoft undoubtedly has seen success with their 4GB Xbox 360 model, and a new slim PS3 will prove to be a great entry-level console for consumers. Analysts are already predicting the price reduction will lead Sony to overtake the 360 in sales as the industry is on the verge of transitioning to the next generation.

Current PS3 owners who wish to replace their console can easily upgrade the HDD, and casual gamers should find 16GB perfect for their gaming habits. However, Sony is always looking to the future and It’s possible they weighed in the hassle of HDD swapping with another project they have in the works.

Details about Sony’s new cloud gaming service could be just around the corner, and it is possible that it will be marketed to coincide with the new slim model. There is speculation that the PS4 will introduce cloud gaming on a console, but doing so this generation would benefit Sony and gamers with a mature service that is available at launch with the PS4.

The PS3-4000 model could very well be designed specifically to cater to a potential cloud gamer. 16GB of space is a great starting point in the memory department especially if you are planning on marketing a new cloud gaming service around the same time the super slim PS3 is available for retail. Streaming games does not need on-board memory and consumers who are new to the PS3 wouldn’t have to worry about upgrading their HDD initially.

I believe the new model was created for two reasons; to put a new affordable PS3 on the market and to usher in cloud gaming with complimenting hardware.

This is of course speculation, so please share what you think below.