If you use the code provided by gary_rip and alan6012 (if you text "zavvi" to 82100 you get a free £1 voucher code to spend online and a draw entry.) This takes it down by a pound. Worth noting some people get charged for this text and others don't (would appear to be network / tariff dependent)
Zavvi are claiming this is currently the cheapest in the UK if you can find it cheaper online please let me know!!
* Leaner and Meaner: 32% smaller, 36% lighter and consuming 34% less power than the original PLAYSTATION 3 models.
* A World of Gaming: Play the latest games with stunning visual and audio quality. From Call of Duty: Modern Warfare 2 and Gran Turismo to Buzz! Quizzes and SingStar, there's something for the whole family.
* Blu-Ray: The built-in Blu-ray disc player means you can enjoy next-generation high-definition entertainment, displaying the latest movies with picture-perfect presentation.
* Always On: PlayStation 3 delivers an "always-on" online experience; offering a world of online possibilities including multiplayer gaming, text and video messaging, voice chatting, downloading content and browsing the internet.