On February 20th, Sony announced the new Playstation 4. The specs are much more advanced than the current Playstation 3, but nothing earth shattering. It looks like their focus will be on some interesting social sharing features of the system.
Here is a video showing the video capabilities of the system:
This video discusses the development process and some of the social sharing aspects of the system:
I am very interested in the social sharing aspect and can't wait to see the great content that gamers share with this system.