Rumor has been popping up all over the net of late with almost everything being a possible target. The word is that Sony is already developing the next installment in their PlayStation line to be released in 2012. This contradicts a lot of things including Sony’s ten year plan for the PS3. Sony execs are not worried about the Wii U or Kinect outdoing the PS3’s Move or anything. Considering the current financial status of Sony with the recent hacks and the intense cost for developing a new console.
Microsoft is also rumored to be announcing a new console at E3 next year along with Sony. But likely it won’t be happening as this information is not coming from a 100% legit source as it’s from a Taiwanese manufacturer.