During an E3 press conference yesterday, Sony confirmed that its upcoming $400 Playstation 4 console will not be limited by the same hobbling restrictions as Microsoft's Xbox One.

Sony has released a new PlayStation 4 video teasing its upcoming DualShock controller.

Unlike previous Sony console debuts, the Playstation 4 (PS4) is expected to hit the streets with a "strong" launch gaming lineup.

Although official hardware specs have yet to be published by Microsoft, the Xbox 720 (Next) and Sony Playstation 4 (PS4) are likely to be somewhat evenly matched in terms of hardware. As such, the battle for supremacy will likely center on other aspects besides raw horsepower.

Nintendo may have released it's next-gen console almost a year ahead of Microsoft and Sony, but it is quite clear that most core gamers are waiting for the Xbox 720 (Next) and the Playstation 4 (PS4).

Guerrilla Games technical director Michiel Van Der Leeuw says Sony's long-awaited Playstation 4 (PS4) isn't hobbled by "performance bottlenecks."

The industry has long suspected that Microsoft's upcoming Xbox 720 (Next) would not be offering backwards compatibility with older 360 game titles.

The Playstation 3 may have offered gamers plenty of raw horsepower, but the last-gen console was notoriously difficult for coding devs.

Outspoken Atari founder Nolan Bushnell believes Microsoft will triumph over Sony in the upcoming console wars that will pit the Xbox 720 (Next) against the Playstation 4.

A prominent French-Canadian video game designer has confirmed that Microsoft's upcoming Xbox 720 (Next) will be "aligned with what Sony announced."

Sony may have redesigned its flagship controller for the upcoming Playstation 4 (PS4), but it seems as if Microsoft has chosen to leave its Xbox 360 controller mostly untouched.

Epic VP Mark Rein says Sony's decision to incorporate off-the-shelf PC components in the Playstation 4 (PS4) is a good one for devs and gamers alike.

Sony has thus far confirmed a number of specs for its upcoming Playstation 4 (PS4) console, including 8 GB GDDR5 of system RAM, a single-chip accelerated processing unit (APU), 8 AMD x86-64 bit Jaguar (CPU) cores and 18 next-generation AMD (GPU) Radeon-based compute units.

Aside from the controller, we still don't quite know what the Sony Playstation 4 (PS4) will look like when it hits the streets. Nevertheless, the Japanese-based company has revealed a number of hardware-related specs at GDC 2013 in San Francisco.

Mark Cerny - lead system architect of Sony's Playstation 4 (PS4) - says the Japanese-based corporation adopted a "very developer-centric approach" to the next-gen console.

Long-time developer American McGee says he remains unimpressed by Sony's recent PlayStation 4 announcement.

Quantic Dream boss Guillaume de Fondaumière has confirmed his studio is already working on its first Sony PlayStation 4 title.

Sony's long-awaited PlayStation 4 (PS4) has yet to hit the streets, yet there are those who are already contemplating jailbreaking the next-gen console. And yes, one of them is even a prominent industry analyst.

Nvidia may have passed on supplying hardware components to Sony for its upcoming Playstation 4 consoles, but that hasn't stopped the company from commenting on the next-gen system.