Tonight Sony officially announced the Playstation 4. They didn't show the system off with pictures but they did tout what will be powering it and how many developers/publishers will be behind the system.
So the next question is, when is the system coming out. Sony was mum on an exact date, but they did say the console will come out Holiday 2013. Now that's fairly vague, but most systems launch in the month of November.
The launch of the system will end a six year gap in Playstation generations, which is one of the largest the industries ever seen. Should Microsoft wait until 2014 to launch the next Xbox, it will still beat that time frame by two years.
The biggest question right now is price. Rumors have been going around that the price would be between $400 and $500, and that there would be two different models. It wouldn't surprise anyone if Sony had two different models come out, with the hard drive not being built in this time they can have a lower priced model to get more buyers.
Another question is how smart Sony is launching a console ten months after announcing it. Generally consoles are announced and have about a year or so of build up before coming out. Sony pushing their console out in the middle, with Nintendo being first, could be a sign that they're wanting to avoid being last to the market like they were with the Playstation 3.
It's still too early to tell if this is a smart move. However with the right games, and pricing, Sony could end up pulling head in the next generation, all they have to do is beat Nintendo and stay ahead of Microsoft.
Sony's Playstation 4 is set to launch holiday 2013.