(adsbygoogle = window.adsbygoogle || []).push({}); Sony vice president and chief financial officer Masaru Kato has confirmed that there is a PS4 in development.

Sony Quotes:

    "For the home equipment the PS3 still has a product life, but this is a platform business, so for the future platform – when we’ll be introducing what product I cannot discuss that – but our development work is already under way, so the costs are incurred there."

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Kaz Hirai Quoted a while back:

    “a near-future PS4 or next-generation home console is not something that we are even debating now”.

Don’t get all excited and sell your PS3, it is expected that the PS3 will have a ~10 year life span, so we should be good for a few more years. It will be interesting to see how the PS3 will perform against the next gen consoles such as Wii 2 and “Xbox 720″ if they are released earlier than the PS3.

What do YOU expect from the PS4?

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Cant wait for a ps4!