Well it would be a bad move to shift away from the naming system they've used brand awareness is key and the PS4 is the way to go really
They can't release a console at £450 again the price was way too high to be affordable to a mass market a £300 - £350 price point would set them up much better assuming the Nextbox launches around a similar price point a price match would set them up for a flying start!
In terms of power i can't see them making a jump like DVD - Blu-Ray there is no need at this moment in time and with Blu-Ray in it's infancy still it would be a stupid move to say the least an upgraded drive is a must though the read speeds need to be cranked up. i can see the Cell making a return in an updated form possibly a 16SPE core at 3.2ghz that should be more than enough. The graphics chip needs kicking into touch i would expect both next gen platforms to run a chip closer to the performance of a Geforce 560 by the time these consoles are looking at coming out the cost should have dropped on the higher performance chips. RAM as much as rumours are pointing to stupidly high amounts such as 10GB plus i can't see it happening i would say 4GB is at the high end of what can be expected!
With the new OS on Vita i think the PS4 will follow suit with that allowing for seamless intigration like what was shown with the WiiU the ever requested cross game chat will make a appearance and a possibility of cross game video chat (wishful thinking) the interface will be better all round but a vast improvement from the XMB i highly doubt it.
Games should be running native 1080p next gen with an upgrade in tech for games to be running sub-hd would be a major let down for most people and 60 frames per second would be a nice bonus!
I have a feeling announcements will be next year with a look at releasing Christmas 2013 although that might be microsoft with Sony annoucing a year later with a similar release date in Japan, NA & Europe coming March 2014
Take all that with a pinch of salt i know nothing haha
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