While Sony has clued us in on some crucial facts, however, the Japanese tech giant is still holding plenty of cards close to its chest. In the video above, we rattle through everything you need to know about Sony's upcoming gaming gadget, as well as the facts and features that remain a mystery -- for now.
The PlayStation 4 is expected to come out before Christmas, and will do battle with a new console from Microsoft, as well as Nintendo's Wii U. Oh, and let's not forget those pesky Apple and Android tablets that are competing for gamers' attention.
Are you excited for the PlayStation 4? Or would you rather cosy up to the next Xbox? Watch the video, and let me know in the comments, or on our Facebook wall.