Originally posted on VentureBeat:

Sony Playstation 4 event 1

Follow our PlayStation 4 coverage

NEW YORK CITY — As expected, Sony officially announced the PlayStation 4 today at a press conference.

It’s been more than six years since the launch of the PlayStation 3, and since then, the rise of mobile games, free-to-play online titles, and home-brewed success stories like Minecraft have fundamentally changed the shape of the gaming world. More than anything, Sony needs to prove tonight that it can still justify the need for an expensive home console.

While we didn’t see any specific hardware tonight, Sony made it’s vision of the PlayStation 4 clear: It’s the most socially-connected console ever, and its technical prowess removes many of the restrictions developers have had to deal with in current consoles. Most of all, there were a lot of games on display, which shows developers are jumping onto the PS4 with ease.

But we also know Microsoft isn’t taking this…

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