The newest version of the PlayStation 3 comes with a massive hard drive and a year-long subscription to PlayStation Plus.

The Classic White PS3 Instant Game Collection Bundle will go on sale in North America on January 27 for $299. In addition to the fancy makeover, the new PS3 packs a 500 GB hard drive and a one-year membership to PlayStation Plus (regularly $49.99), which gives you access to LittleBigPlanet 2, Infamous 2, Resident Evil 5, and a bunch of other games for free. The bundle also comes with a white PlayStation 3 controller – the stand for the console, however, is sold separately.

Sony has released an announcement trailer for the bundle, although it's mostly comprised of video from the games that are free on PlayStation Plus.

What do you think of the PS3's new look?