We know what it looks like, how much it costs and you can play your used games on it - PlayStation 4 has been unveiled in Los Angeles.
Ten giant screens, a huge chunk of extra seating in the Los Angeles Memorial Sports Arena to cope with increased demand and more than two hours of captivating announcements meant that this year's PlayStation E3 2013 Press Conference was one of the biggest in memory. As Sony Computer Entertainment America president and CEO Jack Tretton noted when he took to the stage, some fans had queued in downtown LA since the previous Friday for their seats. For them, and countless gamers worldwide, the show proved to be well worth the wait. Here's why...
PlayStation 4 is coming holiday season 2013 for $549 (RRP*)
It was an announcement which has claimed one of the biggest cheers at E3 2013 yet. Andrew House, president and group CEO of Sony Computer Entertainment, revealed the information everyone was waiting for, and didn't disappoint. The future of video game entertainment will arrive in holiday season 2013 for $549. This news caused an explosion of applause from the audience, as House declared: "It's a compelling price which offers incredible value. Is PlayStation the best to place to play? Without a doubt."
You got your first look at PS4
So you know how much it costs and when it's coming, but what does the marvel that is PS4 look like? House unveiled the PS4 system to be slim, light and stylish. Coming in a jet black colour with matt and gloss finish, the sophisticated looking system is designed to fit perfectly wherever it's placed in your home.
"Trust is central to everything we do."
The news which lifted the roof off the Los Angeles Memorial Sports Arena was that PlayStation 4 will support used games, meaning when you buy your Blu-ray Disc games, they remain yours. Trade them, loan them to friends or just keep them in your games collection forever – there are no restrictions. And you don't need to stay connected to the internet to keep the game working. "We believe in the model that people embrace today with PlayStation 3 and will continue to demand," smiled Jack Tretton.
Spellbinding new games coming to PS4
With the consumer at the forefront of PS4, it should come as no surprise that the games also captured the imagination of the audience at the press conference, too. A variety of stunning first party PS4 exclusive titles made the powerful new system irresistible, no matter what type of games you love. Heavy Rain and BEYOND: Two Souls developer Quantic Dream showed off a magical demo called The Dark Sorcerer, using the power of PS4 to deliver incredibly lifelike facial animation and wondrous special effects. As a powerful mage and his goblin companion whipped up a storm of magical spells, only for the camera to pan back and hilariously reveal them as two actors playing a part in the game.
Developer Ready at Dawn also amazed the eager audience with the unveiling of The Order: 1886, an action game where you're thrown into a centuries-old war during Victorian London filled with myths, advanced technology and powerful ancient enemies.
There was plenty of room for the four titles already revealed from February's successful PlayStation Meeting, too. Killzone: Shadow Fall showed off luscious, new jungle environments and brutal melee kills, #DRIVECLUB sped away with another impressive display of high octane motor vehicles, inFAMOUS Second Son revealed an action-packed thrill ride of superpowers and Knack took all-ages adventure to new heights.
Destiny introduced its Thunderlord
Bungie's project has been shrouded in mystery for months, yet when the development team appeared, DUALSHOCK 4 wireless controllers in hand, Destiny was shown to be a sprawling shooter, featuring guns with outrageous names, in which teaming up with friends to take down daunting beasts such as the Devil Walker is set to be a piece of cake. Ubisoft Montreal, meanwhile, took us on a tour of rain-lashed Chicago in their Watch_Dogs demo, which included the sabotage of multiple police vehicles and the causing of a major power blackout. Plus, there were sneak previews of brand new PS4 titles KINGDOM HEARTS III, FINAL FANTASY XV and Mad Max.
#DRIVECLUB is heading to PlayStation Plus
Not only will you be able to carry your existing PlayStation Plus membership across to PS4, but when you do, you'll get sumptuous racer #DRIVECLUB PS Plus Edition at no extra cost within the first year. There'll also be one new digital title rotated as part of your Instant Game Collection each month, including the just-announced Don't Starve, Secret Ponchos and Outlast.
Indie games are right at home on PS4
Adam Boyes, SCEA vice president of developer and publisher relations, said that PS4 would be the "most open, most inclusive" system for developers, be they big or small. Nine innovative new indie games were revealed to support that statement, including a full remake of the classic Oddworld: Abe's Oddyssey, called Oddworld: New 'n' Tasty by Oddworld Inhabitants, along with Transistor by Bastion developer Super Giant, Don't Starve by Klei Entertainment, Mercenary Kings by Tribute Games, Octodad: Dadliest Catch by Young Horses, Secret Ponchos by SwitchBlade Monkeys, Outlast by Red Barrels and Galak-Z by 17-bit. Creativity on any scale is set to thrive on PS4.
Stay tuned for a closer look at PlayStation 4 and its titles at au.playstation.com as the game changing system meets its public at E3 2013.
* Manufacturer's recommended maximum retail price. Actual retail prices will vary.
Listen to the latest releases, playlists selected by our experts and gaming soundtracks.
Frozen Synapse Prime, The Hungry Horde and more - download now from PlayStation Plus.
The Binding of Isaac: Rebirth, Frozen Synapse Prime, The Hungry Horde and more, available now.