$200 12 GB PS3 coming to North America, reports say

A new $200 PlayStation 3 unit is about to go on sale in North America, if several sources are accurate. Engadget reports that the 12 GB flash super-slim model will hit stores on August 18, backed up by retail listings and an alleged photo from a Kmart back room.

The 12 GB model was launched in Europe and Hong Kong in October, but SCEA told Engadget the West wouldn't see the flash-based model. Looks like the company spoke too soon--hard drives are always upgradeable, after all.

Do you think you could make do with 12 GB of built-in storage for a $200 PS3?