Sony's second-generation gaming console, which has shrunk to become the slim, sexy piece of electronics on the left. Most of the shrinking was done by removing the power supply, any possibility of internal storage (unless Sony allowed for a 2.5" disk, which looks doable) and changing the DVD drive. Dual USB and Ethernet are now standard, which is a good thing.
I happen to own one, but keep playing Quake. It's just not the same.