Well, Sony revealed that the PlayStation 4 is actually called the PlayStation 4 and that it will be released during “Holiday 2013.” Price-point and other facts to be determined at a later date (you can find some deeper details on the press event here). The secondary chip to handle uploads and downloads is one of the best ideas yet because it will hopefully make those frequent updates to the system and games go more quickly.
While I mostly like some of the ideas that Sony was pushing for – like a system that is more instantaneous in its operations than the PS3 currently is, on-the-fly downloads, various social features, and the ability to play games while you are downloading them – there was one fact that bothered me a lot. The PS4 is not backwards compatible with any previous PlayStation Games because it does not use the Cell processor. This means that you will not be able to play those PS3, PS2, and PS One games on your spiffy new console.