Microsoft is actively working on a new home console, planning to show it off at E3, with integrated Kinect, more capabilities for media playback and a full digital distribution solution.
Similarly Sony is thought to be in the initial planning phase for the PlayStation 4, with plans to unveil it later during the year, perhaps at the Tokyo Games Show or Gamescom.
Sony is working on an upgrade for the PlayStation 3, with the Move built in and with support for three-dimensional games included.
Both Microsoft and Sony are playing hide-and-seek with the player base and the observers of the industry about whether they plan to announce or introduce new hardware during this year.
How does It Effect Gaming World
A new generation of gaming hardware means that almost all developers and publishers enter a period of turmoil, learning to work with the new technology that is introduced and with the extra features (think touch screen, motion tracking and other attachments). This is both a threat and an opportunity for the average gamer.
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