After an apparent manufacturing issue caused some initial slowdown in producing the new unit, Sony reportedly underestimated demand, caused in part by shortages between the time the old units were cleared out and the new units were ready.
It is widely believed that Sony has abandoned support for the hard drive.
The PlayStation 2 holds the record of fastest selling video game console ever, 100 million PlayStation 2 units were shipped in only five years and nine months, shattering the previous record of nine years and six months by the PlayStation.
The new V12 model was first released in black.
In September 2004 Sony unveiled the third major hardware revision (V12, model number SCPH-70000).
For some consumers this is in fact a limitation, especially for the fans of titles such as Final Fantasy XI, which requires the use of this peripheral, and prevents the use of the official PS2 Linux kit.
Later hardware revisions had better compatibility with PlayStation games (Metal Gear Solid: VR Missons works on most silver models).
A product named HD Connect can be soldered into the unit giving hard drive support though.
Although Sony placed little emphasis on online gaming during its first year, all that changed because of the launch of the online-capable Xbox.
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For some consumers this is in fact a limitation, especially for the fans of titles such as Final Fantasy XI, which requires the use of this peripheral, and prevents the use of the official PS2 Linux kit.
However the New Slim Silver Models have more issues with playing PlayStation games than the first PS2 revisions.
It also has a different lens and some compatibility issues documented by Sony for earlier PS2 games.
The PS2 launch seemed unimpressive and gaffe-prone, compared to the well-planned launch of the Sega Dreamcast, which was making a genuine attempt to woo developers and which had better launch titles.
This led to further shortages, and the issue was compounded in Britain when a Russian oil tanker became stuck in the Suez Canal, blocking a ship from China carrying PS2s bound for the UK.
When the PlayStation 2 launched in Japan in March 2000, Sony sold 980,000 units over the opening weekend.