Sony has finally unvieled the PS3. The Playstation 3 which is confirmed to be released sometime in 2006 will not be near as powerful as the Xbox360 but the specifications do look very promising. It will be backwards compatible with previous Playstation and Playstation 2 games. It will also use the new Blu-ray disc format. The console will also have built in wireless networking which will enable the PSP to act as a remote. I'm excited about it, but not near as much as the Xbox360.