During the first few minutes, at least after the initial video montage of nostalgic commercials from major Sony properties over the years, of Sony’s PlayStation Live event on February 20th Sony has announced that the PlayStation 4 is indeed being developed and the company is planning on revealing more information about the console throughout the presentation.
Currently it has been mentioned that the PlayStation 4 has been in development for the last five years. Expect more updates throughout the next couple of hours as Sony reveals more information not only about the PlayStation 4 but also more information about other Sony game products.
