http://www.develop-online.net/news/38916/Sony-studios-begin-PlayStation-4-projects

Here we go!

I am shocked by this news.

Joking aside I am ready, I have had my PS3 for about 4 years and have about 80 retail PS3 games an a bunch of PSN downloads.

This news depresses me because I've owned a Playstation 3 for a year and a half, and I only have 6 games for it.  
 
fucking Red Dead Redemption ruined my life. lol.

@Hizang: I guess it's now kinda official that there is a PS4 in development so atleast they can't deny it's existence.

@AhmadMetallic: Don't worry...we probably won't see a new playstation in 2 years.

Weren't the Xbox 360 games in the making for 2 years before the console was released or do I remember wrong? I think everyone knew that the PS4 was on it's way, and just because games are being started doesn't give us any information as to what the PS4 will run, look, and play like.