IGN recently posted a few pictures of their team unwrapping a new PS3 prototype. You can check out the pictures here or more from bit-tech here.
Personally, I don't think there's much to shout about. It looks very similar to the original PS2, albeit with a glossy finish. It's as if Sony crossed the PS2 with a George Foreman grill, which resulted in the ugly-ish PS3.
Will you be buying one? I don't think I will...