Oskari Hakkinen, head of franchise development at Remedy, said in an interview published earlier today that the next generation of consoles represent "a quantum leap" from systems available today.
Here, we analyse five key features that will shape and define the next generation.
1. 4K resolution displays
Stunning visuals are always a crowd pleaser, and graphical improvements tend to be the first thing the average consumer recognises when comparing two hardware generations side by side.
Most recently Yahoo reported that PS4 will support ultra HD '4K Resolution' displays. 4K resolution is the term used in digital cinematography to broadly describe a resolution (pixel count) of around 4000 pixels horizontally on a display. This is similar to 'Ultra HD', or 'Quad Full High Definition' (QFHD), which at 3840x2160, is exactly four times today's full HD resolution of 1920x1080.
With 3D failing to take off as the next big thing, Sony and the rest of the big players in the TV industry are looking for a new way to get consumers to upgrade their sets. Given that Sony's already selling 4K Blu-ray players, similar support for games and movies on PS4 seems highly likely.