Out of all consoles out there, PlayStation 3 ( PS3 ) is my favorite one. It can handle games like no other and has a pretty wide variety of options for a gamer. But the latest rumor out there says that all of my favorites are about to change, as the development for the PlayStation 4 console has already begun. A release date has also been speculated, giving me enough time to change my letter for Santa Claus.

The source of these rumors is non-other than an Australian Game Informer issue, number 9 to be more specific. A picture has surfaced this magazine, saying that Sony’s developers have begun working on PlayStation 4. It is well known that any console developer is giving a heads up for all Game publishers out there, by releasing a little piece of information like this, with up two years in advance. This helps companies to prepare their games for the new console. So, we speculate for a late 2012 PS4 release date.

We also hope to soon get more information of the PlayStation 4 specs, as the PS4 release date is fast approaching. No information is yet available, but I am sure Sony is preparing something good for us. On the launch of the PlayStation 3, the developer said it will have a life of 10 years. As technology advances very fast, that will sure be infirmed. And the best part that this phrase gives us is the reliability of one product. If they made one console so good in 2006, why they shouldn’t make an almost perfect one in 2012?

http://www.mydaily-gadget.com/news/gaming/1730-rumor-ps4-release-date-playstation-4

I had made a perdiction years ago that we wouldnt see any new consoles from any of the current 3 till at least 2014 but then a saw the PS3 2 and 1 realese dates and there all six years apart.  This kinda shocked me because i dont feel like i got everything out of my PS3 purchase.  I mean for PS2 we had 3 GTAs 2 GTs and 2 MGS's we only have had about one for each, GT hasnt release yet and MGS Rising is well... I want Snake!

Well, that’s it. What do you think? Will Sony complete the PlayStation 4  developments until the 2012 release date? Or it will be later?

It's possible - I think that all 3 are going to release their next consoles in 2011-2012

i think it will i say and keep saying fall 2011 or 2012 next generation starts i been saying this for a few years now

PS4 won't be named PS4.

That's my only guess about it.

2012-2013, about one year after Wii2 is my guess.

New Xbox will release end of 2012. New Playstation possibly but  I expect it to release after the new Xbox just like it did this gen. Probably early to mid 2013. New Nintendo console could be end of 2011 beginning of 2012.

Late 2012-Early 2013 sounds About right to me.

Sounds right, they always have 6 year gaps. Early 2013 in EU I bet.

I was reading gaming articles about the PS3 back in 2002-2003... so i'm surprised that there hasn't been more info on the PS4

Super Wii will likely release late next year. Maybe in Japan only, maybe Worldwide.

Xbox 3 will probably release 2012 Holidays. Would be perfect for it. Would give them enough time with Kinect and enough time to drop to $150/$100 with the 360.

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PS4 should be a simultaneous launch with the Xbox 3. I pretty much expect them to be equal on the power, and I expect Sony to want to get those easy 3rd party ports again, at the same time not letting MS have that critical 1 year advantage. PS3 will also have been given enough time to reach a mass-market pricepoint, cut into those massive losses and will have probably peaked in sales during 2011. I expect the majority of big franchises to be available on launch, or within a year of launch and come packed with a DualShock 4 AND a new PS Move-like controller option. Will cost no more than $400.