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PotentHerbs said:

Sony revealing GoY at the latest State of Play is such a great change of pace.

It gives them so much flexibility in their marketing, gives the fanbase something to look forward to every couple of months, and alleviates deadlines for their first party studios.

I agree. It also helps set expectations for SoP's going forward to have a good mixup of games along with maybe 1 or 2 notable first party announcements. Whereas something labelled as a "showcase" is where expectations are through the ROOF and everyone expects a blitzkrieg of constant major announcements lol. Which can be a hindrance. 2021 being the last notable PS showcase where we still have 2 major game announcements that are MIA 3 years later with the KOTOR Remake and Wolverine. 

So incorporating a major announcement or 2 in SoP's will allow for constant major interest in the events as well as keeping studios from having to announce their projects too soon.