i already know that the xbox will also be coming out this year, but it looks as if sony got the jump on
microsoft for the reveal
i had heard that both were going to do a reveal in march before the gaming conference GDC 03/25-29
Sony will unveil their next-gen console at the February 20 PlayStation Meeting, with a retail release expected later in 2013, according to a new source.
The http://online.wsj.com/article/SB10001424127887323701904578276672168365276.html reports that people "familiar with the matter" have confirmed the event - which was revealed earlier today - will indeed be an unveiling of the PlayStation 4. The report also points to a 2013 retail release for the console, and suggests it will compete with the next Xbox upon launch.
Elsewhere, "social gaming aspects" will be a major focus for the new system, according to the same sources. Instead of hardware improvements being the sole focus, user experience will play a major part in this generation leap.
The report follows a post and video on the official PlayStation blog inviting fans to http://www.computerandvideogames.com/388941/sony-teases-next-gen-reveal-see-the-future-on-february-20/ at an event set for February 20 at 6pm EST. CVG sources have http://www.computerandvideogames.com/387287/cvg-sources-sony-to-abandon-dualshock-design-for-ps4/ a February reveal for the console.
http://www.computerandvideogames.com/388967/report-playstation-4-will-release-in-2013/
i prefer the xbox, but i do own both systems
the new ps4 is NOT suppose to be backward compatible