So glad Sony went all out.

I meant no harm or show fanboyish in my post i was just stating facts to people who falsely give the next gen crown to the PS4 due just to power alone which should be the more powerful system (2nd to the PC of course) due to the history behind the more powerful consoles. To reply to the Wii not winning last gen comment i must say is a false statement it has by far won with nearly 100 million sold but i will be the first to say the Wii in no way shape or form was a gamer's choice with only a handful of games worth playing IMO out of all the shovelware aimed towards the casual crowd but hey a win is a win in my book.

To get back on topic Sony has IMO dug a hole and possible a grave with this PS4 due to serval factors...

Price Point
Loss Per System
(Rumor) No Used Games

These 3 factors go hand in hand for a console to be successful because Price Point and No used Games = loss in sales of the system and Loss Per System only works if the console sells a giant amount equaling game sales to make up for the loss. I in no way can see this PS4 being less then 500 due to the hardware inside this power house console and even then id say it will be sold at a loss so any lower then 500 will result in too much of a loss and due to Sony's economic state at the current moment they need to sell a system at a gain not a loss! They could have easily cut some corners and still be "Next Gen" power house,compete with the consoles power not PCs Sony! Are the games for this system gonna be $60 or will they go up $70 or maybe even $80?

I really don't think that gddr5 is that more expensive than ddr3. 2gb gddr5 cards only cost $5-8 more than their 1gb counterparts, and that's at retail. I'm expecting the PS4 to be $50 more expensive than the next xbox, and maybe even with very cheap PS4/Vita bundles.

Also the PS3 was $500 for the cheapest model. It uses XDR memory wich at the time probably costs more than GDDR5 costs now. The Blu-Ray drive was very expensive to produce back then, up to $180 for the drive alone. Besides Durango is rumored to have a Blu-Ray drive aswell. Also the Cell was expensivel, probably more expensive than the cpu the PS4 is going to use.

That's more then i thought. A bit of a mixed blessing.

There is no way they can sell the PS4 without a loss. Because of their financial and the general economical state, i expected them to push less specs, less loss and perhaps even a profit.

It's almost garanteed Sony will be pushing a +/-$500 dollar system in a slow (depressed) economy; which could even get worse.
And if they have to take a $100 loss on every console sold for the next 2 year, boy that's bad. If it's even more, then it's just awful.

Sony seems to be betting the future of their entire gaming division on the PS4. Bold move...

Sorry I'm so late to the party. I slept through the entire presentation. Just read all the recaps and big news.

The system sounds like it has some jaw-dropping horsepower, but does anyone have any insight as to the kind of price tag this tech will necessitate?

Sony themselves havn't said anything about the price. You'll just see peoples guesses if you look now :p

Its not nonsense, the rumor of 7970M is the same one that said PS4 would have a Share button, touchpad, 8 core cpu and 4GB GDDR5 ram, so yes in all probability the 7970M rumor is also true.

^^ This

Wrong, just wrong. It looks good but.... WRONG.

You should be more worried about the CPU. The 8 Jaguar cores from AMD compete with Intel Atom in performance.