New PS2 model to hit Europe and India this year

Sony is planning to release a fourth version of the PlayStation 2 later in the year. It will arrive simultaneously in Europe and India and it will be even sleeker, slimmer and "more suave" than ever before.

You might think that with the PS3 out and gaining momentum, Sony might be just starting to think about retiring its aging predecessor.

SCE India Community Manager Atindriya Bose said "We feel PS2 has the potential to penetrate further into the Indian and Russian markets. Console gaming is in its nascent stage in India. These are untapped markets and are new to the gaming world, hence we have no plans to phase out PS2 anytime soon".

At the same time the PlayStation Network is expanding forth into India and should be launching by the end of this fiscal year.