Sony has sent out an invite to members of the press for an event in February. Destination PlayStation will be held February 25-28 in Scottsdale, Arizona and will show off games, with attendees being "treated to food, drink, play, and a first look at all the amazing new releases coming from Sony Computer Entertainment America Entertainment in 2013."

SlashGear suspects that the PlayStation 4 will be announced here and released in 2014, if it follows past release trends from Sony. Couple this with the rumor that Sony has ended production of the PS2 to focus on the next-gen console, and it's starting to look really good for console gamers.

The PlayStation 4 will be competing against Microsoft's next-gen console, rumored to be called the Xbox 720, whenever it does eventually decide to launch. Some rumors have placed the announcements as E3 this year, but others say that it won't be until 2014. One thing is certain, they can't be too far in the future.

http://www.slashgear.com/playstation-4-release-tipped-by-sony-event-invite-01262742/

I just hope this new platform will be better able to run more games. It seems that if a title was not written/developed specifically for the PS3, the gaming experience is less than what folks want. There are probably some cross platform titles that work well on the PS3, we just don't hear about them around here.

I only just got a PS3. Going by the current trends, the PS4 and 720 may be worth the price around the year 2020; assuming they aren't going to be much worse than this generation.

Heh, I stil don't have a PS3, I have not played all my PS2 games yet.