Right on cue, the 40GB PlayStation 3 is indeed being confirmed by Sony. Announced today in London, the system that's been clamored over for what seems like ages now will "launch throughout the SCEE territories" on October 10th for €399 ($565), which means you don't have too awfully long to wait (or save up, for that matter) before getting your hands on one. Of note, the new model does feature just a pair of USB 2.0 ports rather than four, it no longer boasts the multi-memory card port and it is "no longer backwards compatible with PlayStation 2 titles." Also, the existing "60GB PS3 Starter Pack" will be reduced to €499 ($707), but only while supplies last. We'll keep our ear to the ground in case the news eventually impacts the US. Check out the new addition in high-resolution below.