SCEE has confirmed that the 80GB PS3 will be launched in the UK on August 27 for £299, while the 40GB console is phased out.
"We have been listening to our customers and are pleased to be able to answer one of their key requests," said David Reeves.
"There is more downloadable content than ever before, with the emphasis moving towards user generated content, something clearly seen this week in LittleBigPlanet.
"When you add this to the already compelling entertainment offering on PS3 ... the extra storage becomes invaluable."
Bigger hard drive aside, the new console will don the same feature set as the 40GB SKU, so no PS2 backwards compatibility. Soz.
Sony will phase out the 40GB model too, so don't expect to see those at a reduced RRP, unless it's in the second-hand section.