Reports from VG247 reveals that a £99.00 (≈$150.00USD) PlayStation 3 system is likely to surface featuring flash based storage and a smaller body. Details originating from Anatel Brazil are unclear of the storage space whether it be 16gb to compete with the XBOX’s 4gb flash-based model or 160gb.
Further details have yet to be announced however details founded by VG247 have stated that there are no plans for the £99 system.
Source: VG247