Is Sony Preparing to Unveil the PlayStation 4?

With invitations already sent out to various tech tastemakers promising big news for a February 20 event, many speculate that Sony will be unveiling the PlayStation 4. The Wall Street Journal has in fact gone so far as to declare that the PlayStation 3 successor is exactly what we’re getting. This news coincides with confirmations of a next-generation console from Microsoft – with each platform looking to duke it out for a Holiday 2013 release in the marketplace. According to TechCrunch, “Rumors about what the console will actually look like so far include retaining an optical disc drive, said to be a concession made to ensuring that large-sized games are still convenient for customers to actually obtain and play, and a move from the Cell chip that powers the current PS3 to an AMD-based design, which might complicate things in terms of backwards compatibility with current games.” Stay tuned for further details as they surface.