Watch Sony's "Next PlayStation" event live stream right here!

In less than an hour, Sony is scheduled to hold a major PlayStation-related press conference in New York City. Sony is live streaming the event, and if you own a PS3 console, you can sign in and watch the proceedings with your online friends.

So what's going to happen? Unless Sony throws us a huge curve ball, it's almost a certainty that the company will officially reveal some of the first details of their next PlayStation console, which will likely be called the PlayStation 4. We have gathered up the rumors and about the PS4 in one big article already, so we should soon see how much of the information is accurate.

There are also rumors that Sony could announce price cuts for the current PlayStation 3 console as well as the PlayStation Vita portable console, which launched in the U.S. a year ago. Sony has already announced a price cut for the PS Vita for the Japanese market a couple of days ago.

What will the hardware be like? What will the games be like? What will the other entertainment services be like? It won't be long before we all find out what Sony has in mind for the next PlayStation.

Source: PlayStation 2013

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