the recently unveiled 160GB PlayStation 3, Naughty Dog's excellent Uncharted: Drake's Fortune, a PSN voucher for PAIN (expires March 30, 2009), and a DualShock 3 controller, for the price of $499.99.
Picking our way through the system's specs, it looks like the 160GB PS3 offers only 2 USB ports and no flash card readers, leading us to believe its functionally identical to the 40GB (now 80GB) low-end model. To put it another way: it appears the 160GB model will not have backwards compatibility for PS2 games. As for availability, the press release vaguely states "November." We'll try to get something definitive on the backwards compatibility situation.