The first reports have surfaced that Sony is already working on the first games for the anticipated PlayStation 4. Develop Online suggests that "several" projects have begun at Sony first party studios and are likely still in the concept development state.
It's a point that many gamers can argue about until they are blue in the face, but this generation, Sony's PlayStation 3 started out of the gates with a limp. That limp was likely the result of an exorbitant price point when the console launched at $599.
If Microsoft (Xbox 720) and Sony (PS4) both announced new consoles that would be arriving in the near future, one developer thinks the industry would be in big trouble. A recent interview with THQ's Danny Bilson shed light on the heavy costs associated with game development.