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I have no idea what will come, but here's what I hope:

1. No more than $399

2. At least 1 AAA launch title, and at least 3 A titles

3. More powerful than PS3 -> but not as drastic as the change from PS2 to PS3

4. Plays Blu Ray movies still

5. BC with PS3, PS2 and PS1

6. No built in Wifi - make it optional

7. Free online still

8. Comes bundled with a good game, required HD cables, headset, and Dualshock 4 controller