Next PlayStation Development Underway
The next phase of the console wars may not necessarily be right around the corner, but rumblings have begun. According to Time Magazine's Techland blog, a Sony executive has said that development of the PlayStation 3's successor "is underway."
Sony did not, however, announce a timetable for such a product and the executive, Masaru Kato, said that he doesn't expect the company will need to invest as much money in the next console as it did in the PlayStation 3.
Nintendo will unveil the successor to the Wii at E3 in two weeks, with an eye towards releasing the product in 2012. It is unknown at what stage Microsoft is in developing a successor to the Xbox 360.