We may not know what the Playstation 4 looks like, although that hasn't stopped Sony from teasing additional details about its upcoming next-gen console.
I am always somewhat suspicious of a new console that hits the market amidst talk of how hardware and raw horsepower isn't the true focus of the system.
The current console cycle may be coming to an end, but that hasn't stopped Crytek from squeezing every last drop of horsepower from the Xbox 360 and Playstation 3.
Nintendo's Wii U console is currently flying off the shelves, but outspoken Wedbush Securities analyst Michael Pachter doesn't believe the system is ultimately capable of competing against Sony's PS4 or Microsoft's Xbox 720.
Sony is rolling out its PS3 Super Slim - even as the Japanese-based corporation prepares to phase out the long-lived console in favor of the upcoming PS4.
The current (7th) generation of consoles is fast approaching the end of its life cycle, with sales declining some 30% year-over-year through the first half of 2012.
With the next iteration of Nintendo's Wii expected to launch in the next couple months, the question that everyone is already asking is when the next Xbox and PlayStation products will hit the shelves.
Crytek founder and CEO Cevat Yerli says the next generation of consoles from industry heavyweights such as Microsoft (Xbox 720) and Sony (PS4) is long overdue.
