Sony is unveiling the next generation Playstation today in New York. We should know by the end of the day what the specs for the new unit are (too many rumors) and see what the next gen of games could look like. Read the article here and we'll update once we have firm word on the specs.
Update 2/21/2013: Anandtech has the specs here. I was watching the live video release and sadly the actual console was not shown. They did show the new controller which is similar to earlier versions with a touch sensitive area and a few extra buttons/features. The PS controller is very good so I'm glad they stayed with it. Presenters kept bringing up the 'possibilities' but I'm hoping their launch goes a lot better than the Wii U.