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A man takes a picture at the PlayStation 4 launch event in New York. (Photo : REUTERS)

Screen capture of PS4 website on November 15th 2013. (Photo : playstation.com)

Screen capture of PlayStation®Plus Membership (Photo : us.playstation.com)

PlayStation 3 Console (Photo : PlayStation)

Upgrade from PS3 version to the PS4 version for just $10. (Photo : mmgn.com)

At Microsoft's event Tuesday, cameras focused on the Xbox One, the first in the Xbox family in eight years. (Photo : Reuters)

Screen capture of Diablo 3 played on PS3. (Photo : VCPOST)

PlayStation®4 will provide gamers access to a rich portfolio of applications that feature the hottest movies and television shows, unique specialized content, and live sports programming. (Photo : PlayStation)

Specifications of PlayStation®4 listed on PlayStation 4 website. (Photo : PlayStation)

PlayStation®4 Wireless Controller (Photo : Sony Computer Entertainment Inc.)

Xbox One controller (L) and PS4 controller (R). (Photo : vr-zone.com)

PlayStation®Vita Wi-Fi System (Photo : PlayStation)