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"Sony is making a big announcement late Wednesday, and the consensus from the rumor mill is that it will be the next generation PlayStation console (a.k.a \"PlayStation 4\").\nThere is a lot information (much of it rumors) circulating about the new console, reportedly codenamed \"Orbis,\" but Sony has been extremely tight-lipped. It made the announcement about tonight's media event with a brief invitation to journalists on Jan. 31, inviting them to \"see the future.\"\nSince that announcement, the Internet has produced plenty of rumors and speculation about what the new console will be like. While we won't know anything official until later Wednesday, Mashable has rounded up what we think are the most credible speculations. We'll have the event streaming tonight on our site, so check back and follow along with us for more coverage.\n\nThe New PlayStation\nThe new PlayStation will most likely come out sometime around the holiday season, according to several sources. It's a logical choice, since Microsoft is expected to launch its next console, possibly named the Xbox 720, at this year's E3 \u2014 or sometime before \u2014 and both will be competing for consumers around the holidays.\nWhile many sources have agreed on Sony's codename of Orbis, nobody is quite sure what the product's real name will be. While PlayStation 4 is a solid guess due to Sony's predictability, the company might change its game up for this console.\nThe Times reports the console will retail for around $400, and Kotaku puts that number between $429 and $529, possibly with tiered pricing. It's interesting to note that the PlayStation 3 was $600 when it hit the market, though Sony justified the higher price with the included Blu-Ray player. \nSony might not release its price at Wednesday's event, instead waiting until closer to launch. Nintendo did the same thing with its Wii U last year; the price wasn't revealed until about 80 days before launch.\nThe New Controller\nThere have been several leaked photos of the new controller. Destructoid posted one last week from an unnamed source that showed a controller somewhat similar to the PlayStation's current DualShock, but with a large trackpad in the center.\n\nThe trackpad uses aren't totally apparent. It's also unclear if it will support multitouch gestures.\nThis photo does not show another rumored feature: the Share Button. Edge Magazine cites sources claiming the next PlayStation would have the ability to share gameplay photos and video from the console, and that the console would continuously capture the last 15 minutes of gameplay for players to share online.\nKotaku posted different photos of a similar looking controller Tuesday night. The blog also reported their sources said the console could be controlled remotely from players' tablet or smartphone. If this sounds familiar, it's because Microsoft is doing the same thing on Xbox with SmartGlass.\nCloud Gaming\nThe next PlayStation could very well support cloud gaming, and streaming games from the console to other devices. Last year, Sony purchased Gaikai, a Japanese company that facilitates high-quality game streaming to tablets and browsers.\nOn Tuesday, Destructoid reported that Sony had registered domains like playstation-cloud.com, and its variants. \nWith so many services popping up to stream gaming to devices from a home PC, such as NVIDIA's Project Shield, which can stream games from a PC with a compatible NVIDIA video card, this would be a reasonable assumption. Sony has also already introduced cross play between its PlayStation 3 and PlayStation Vita handheld, and would likely want a tighter hold on a gaming ecosystem.\nUpcoming Games\nThe least is known about what titles could come out quickly for the new Sony console. GameSpot reported that Sony first-party studio Naughty Dog was looking for artists that could work on next-gen titles\". Could a new Uncharted game be a PS4 launch title?\nThere were also several advanced games shown off at last year's E3 (and even more recently) that have the graphical chops to be included on a next-gen system. Those include Star Wars 1313, Watch Dogs and Cyberpunk 2077.\nThere are going to be first-party publishers on hand for Sony's event, so we'll undoubtedly learn more about which games will be coming to the system.\nWe'll have the full run-down of the event later today, as well as a live stream starting at 6 p.m. EST. Stay tuned to Mashable for more details.\nImage courtesy of Flickr, DeclanTM."^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2013/02/20/playstation-4-rumors/>