I had issues listening to it last night as well.  At this moment in time I am sold on the PS4.  Can this change, yes.  Right now I would say the PS4 is not that much better than the 360 (yeah, I said it).  Sure, I love my PS3 but I love my Xbox a lot more.  Socially, Microsoft dwarfs what Sony is offering.  Graphics wise, the PS3 has a slight advantage and the PS4 isn’t really pushing the envelope.  I do believe they do a very good job at rendering black and red (which are the primary colors in almost every PS3 exclusive).  I like the direction they are going in with the graphics card that has the ability to evolve with the software.  The social gaming and remote play they are introducing looks great too.  The ability to “share play” is awesome.  I was impressed with what I saw last night, but it’s still very early in the next gen race.  I need to see what the next Xbox console has before I fall for either.  I think a smooth transition from current gen games to next gen games will be a major selling point for me.  With “party chat” no longer an Xbox exclusive, I wonder what Microsoft will do to keep their social dominance.  Down the line I may end up buying both systems because the PS4 looks so awesome and I have strong feelings for my Xbox.

I may be the only one but I wouldn’t mind a Microsoft handheld too o.o;

I doubt there will be a significant graphical jump (I haven’t seen anything yet, but maybe E3).  I really like the sharing function and live video streaming – I really think that social part is the future, as opposed to just tweeting out game statuses. It’s a shame that there’s no backwards compatibility but if they have the entire Sony library available IMMEDIATELY and let you stream it, I guess it’s ok.  I also wonder about bandwidth caps though if you can’t download the games to your hard drive.

I like much of what they announced, felt anticipation for other things they hadn’t yet. Social stuff was cool and comprehensive. Developer focused and closer PC components making games easier to make yada yada yada that stuff was all good. The only thing it was lacking was how else it will be central to my entertainment (think WatchESPN, HBO Go, other online services/cable content).  Gaikai backwards compatibility was interesting, but the announcement that my PSN stuff can’t transfer was absolutely silly to me. I hope its just a matter of waiting for the games to be able to upgrade/transfer to new PSN.

Biggest thing that made me say I won’t care is that there are so many games already on my PS3 that I want to play and I’m not buying another system until I play those (This dilemma never met me with last generation as I never owned a PS2 or Xbox) and it makes me have to buy that system to play another game I want. Like, the next batch of sports games is going to be on PS3, as well as GTA (as its currently slated) plus a bunch of other stuff; my graphics don’t exactly have me complaining for more sharpness/realism. I already have Netflix/Crackle/Hulu/YouTube/Amazon stuff and I’m not in desperate need to watch other people play games so it currently seems like I can keep my PS3 for maybe another year, maybe two before it seems absolutely necessary to upgrade. Unless they cut my online PS3 service, then what they announced yesterday just made me say, well that’s going to be cool.

Guess we’ll see what nextbox brings in April and then both bring to E3… Poor Nintendo