Sony's big mystery PlayStation event is tonight in New York

The long-awaited Sony Playstation event is finally here! The event kicks off at 6PM EST (3PM PST) in the Hammerstein Ballroom in New York City. If you are not one of the 1,200 people attending, you can watch the event via livestream on the PlayStation website. It's been more than six years since the company launched its PlayStation 3 and for months there have been rumors that Sony has been working on the next PlayStation, codenamed Orbis. Fans are hoping that Sony will unveil the next-gen console tonight but it's possible they could be announcing the PSP Go 2.

Here's a look at what is expected to be released about the PlayStation 4 during tonight's event:

Gaming news site Kotaku was able to get information from a reliable source who reported that Sony will showcase two PlayStation models priced at $429 and $529. The consoles are rumored to launch sometime in November. In addition, that same source told Kotaku that players can control the PlayStation by using their smartphone or tablet. The smart devices will enable friends on the PlayStation Network to chat online and buy games that can be downloaded to the console.

The Wall Street Journal reported that Sony will be offering cloud-based gaming components within the new console to stream video games to your home. This is not a surprise considering last year Sony bought cloud gaming service Gaiki for $380 million.

Last but not least, it is rumored that the next PlayStation will come with a new controller. One rumor has it that the controller splits into two, while another says the controller will have a built in touch screen.

This could be a big night for Sony if they showcase the PlayStation 4. The company is expected to go head-to-head with Microsoft, who may also unveil its own new console in the coming weeks.

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, Orlando Video Games Examiner

Laura has been playing video games since the early 90's and plays regularly on her Xbox 360. Laura can also be found lending her time to the Gazetteers talk group on Nerdy Show and contributes to the comic news site GeekRest.com.

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