Our suspicions about that earlier Kmart ad were spot-on. The link is now hot with specs showing a PS3 Slim priced at $300 which includes Blu-ray, a 120GB hard disk, DualShock3 controller, and HDMI output with 1080p support. It's listed with an August 24 release date which seems a bit eager to us. The Kmart site is updating which means that some of these details could change (like the price and date) but this seems like a definite for announcement later today at Gamescon.

Update: Sears has the same offer and date.

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Sony PS3 Slim shows up for pre-order at Kmart, $300