The "cheap" 40GB Playstation 3 model that was announced earlier, and which should be available on November 2nd for €399, might be better then it seems.

Back then, Sony also announced so called reduced functionality, such as lack of backward compatibility, reduction from four to just two USB ports, and the lack of a memory-card reader, but they forgot to mention the 65nm Cell processor, which might find its way into the 40GB PlayStation 3.

According to a report which can be seen at German site, Computer Base, the 40GB Playstation will feature the 65nm version of the Cell processor, which will cut its wattage from 200 to 135W. The new 40GB console might come with a smaller heat pipe and completely new version of the PS3 motherboard.

New 40GB Playstation 3 might not be as bad as it looks.