99w ago - Today
Aaron Lee of DigiTimes.com (linked above) reports that according to Taiwan makers Sony is rumored to start production of the PS4 console at the end of 2011.
To quote: Sony will have Taiwan-based partners begin production of PlayStation 4 (PS4) featuring body movement-based control like Kinect at the end of 2011 for launch in 2012, according to Taiwan-based component makers.
Foxconn and Pegatron Technology, assemblers of PS3, will undertake assembly of PS4 as well, the sources pointed out.
The planned shipment volume of PS4 in 2012 is at least 20 million units, the sources indicated.
One thing we can count on is that the PS4 will no doubt will be touch-technology ready, because that seems to be the way things are going nowadays (like with PSVita and Windows 8 for example). Not something I want to see happen, but that is the demand. I would also think that the PS4 will have to think ahead and up the maximum resolution beyond 1080p, because we are reaching the time now where 1080p isn't good enough for home HDTV's, and pretty soon we will start to see HDTV's that will go much higher than 1080p.
Either way it seems like the PS3 is finally starting to get up to speed and it still seems like developers haven't quite yet gotten all they can out of the PS3's power yet, plus it just feels too early for another one. Maybe in 2-3 years, but 2012? No way! In order to make something significantly better than the PS3 (which is what each new generation console aims to accomplish), the price tag would be enormous. In 2-3 years that technology will have dropped in price drastically and would be more reasonable. But not as early as 2012.