nope......i don't think it's ps4......otherwise it means that they are trying to spent their millions as fast as possible.... ps3 is not well, they are losing a lot of money, they should be mad to think about ps4 so early.....

and there goes the 10 year plan for the PS3.

Kidding.. to best honest, it's not entirely unsurprising that all 3 companies are working on their next console already, especially MS, not because the 360 sucks or is going down the drain or what ever, but because they learned how important development time is on a console.

@ Cal4m1ty sony's 10 year plan is not the time until PS4 is released, it is until they stop making PS3s. I would say we will see the PS4 in 11/12, PS3 discontinued in 2014, 8 years from launch

Wow , I remember when some site started a rumor back in 02 , that the PS3 would be out in 04 , and it will be nearly 3 times as powerfull as a PS2 ... lol , the good old naive days :P

Not really much of a surprise if they are working on a PS4, most of the companies say that they generally start working on their following system fairly shortly after their previous one is released. I would think Nintendo, Sony and Microsoft are all at least in the conceptual stages for their next-gen systems already, if not the R&D stages.