thats kind of exciting and at the same time scary, because once they release that they will stop making PS3 games, and I don't have the money to upgrade (at least not yet)
There's been a lot of talk from developers that the overall transition from PS3 to PS4 isn't going to be as drastic as the transition from PS1 to PS2, or PS2 to PS3. My guess is current generation consoles will still be practical for some time into the next generation, or PS3 games will be downloadable or hopefully backwards compatible on the PS4. I'm also a big concerned, since I'm going to college in the fall and am trying to decide if I want a PS3 for all the games I have now, or wait to get a PS4.