During Sony Interactive Entertainment's PlayStation Meeting 2016, the company unveils the price point and release date for its forthcoming PS4 Slim console.

As many expected, Sony used the time during its PlayStation Meeting 2016 to confirm the launch and cost of its 4K-capable version of the PlayStation 4, which has dropped its previous code name under "Neo" to go with the moniker of PS4 Pro. While this is definitely exciting for fans who have been eagerly anticipating a closer look at the enhanced iteration of the console, perhaps equally rousing is Sony's authentic acknowledgement of the PS4 Slim and the unveiling of its release date of September 15, 2016 for a trim $299.

While the existence of the PS4 Slim has been discussed unofficially for quite a while now, it's nice to see that Sony has finally addressed the actuality of the more compact version of the PlayStation 4. As it happens, the tech firm even dedicated the beginning portion of today's event in New York City before moving on to other matters.

Although Sony didn't offer many details beyond its price and launch day, which is slated for next week, there are plenty of avenues available online for gaming fans to get a better understanding of the PS4 Slim's intricacies. For starters, there's footage floating out in the ether of the Internet displays the console booting up, as well as a complete teardown video that shows off the hardware found within its outer casing.

Additionally, the PS4 Slim is not only set to provide Sony fans with a smaller version of the PlayStation 4, but also it is supposed to include a redesigned version of the DualShock 4 controller. Its layout isn’t any different than the current models, but there are some interesting alterations. For instance, the face buttons are gray, and instead of having the light bar in between the peripheral's triggers, a light indicator now shines on the controller's touch-pad.

For those wondering about how the PS4 Slim looks when compared to a standard PlayStation 4, Sony has described the former console as being much more slender and condensed than the latter. As a matter of fact, the PS4 Slim is about 30 percent smaller than the original, which ought to save gamers plenty of storage space.

Sony's decision to announce the PS4 Slim today was definitely smart on the company's part, especially since Microsoft's Xbox One S was officially confirmed with a trailer about three months ago and has a launch edition out now. With this being the case, it will be interesting to see how the sales figures tally up between the two sleek systems once shopping for the end of the year holidays start ramping up.

The PS4 Slim is set to release next Thursday on September 15, 2016 for $299.