Pai Pai Master
Banned
Not showing the "budget" PS3 super-slim was a mistake, though. Even the European PS Blog mentioned it passively- I'm not sure why they'd admit it's coming soon but not want to talk it up.
I think it exists for the sole purpose of saying that they have a cheap model for sale, and apparently only in Europe. 12GB is useless and it looks like it uses a proprietary hard drive add-on...so it's basically not worth mentioning at all except as a bullet point.