Earlier today, Microsoft announced the price and release date of the Xbox One.  Sony was quick to follow with information on the PlayStation 4 and finally unveiled the new design at E3.  The PS4 will sell for $399 when it is released later this year, $100 less than the $499 list price of the Xbox One.  You can now pre-order the console at Amazon---keep in mind they won't charge you until it ships.  There are 140 games in development for the PS4, including 100 that are set to be available in the first year of release.

See the new design and video of the announcement after the jump.

Announcement video via MSN:

Here are the key specs from Amazon:

playstation 4 controller

The DUALSHOCK 4 controller incorporates a new highly sensitive six-axis sensor, as well as a touch pad located on the top of the controller, which offers gamers completely new ways to play and interact with games.

The newly developed PlayStation Camera for PlayStation 4 incorporates two high-sensitive cameras that have wide-angle lenses with 85-degree diagonal angle views which can recognize the depth of space precisely.

Key Features

  • DUALSHOCK 4 controller with touch pad, three-axis accelerometer and three-axis gyroscope, and rechargeable battery
  • Two high-sensitive cameras with 85-degree diagonal angle views for enhanced depth perception
  • Compatible with x86 architecture to make video game development easier on the next-generation console
  • Controller connection via Bluetooth 2.1 + EDR
  • 802.11 b/g/n wireless network connectivity, Ethernet, and USB ports

One of the advantages of PS4 over Xbox One is less restrictions on playing used games.  With that in mind, check out PlayStation's official used game instructional video:

playstation 4
Image via Sony

playstation 4 camera

playstation 4 controller