Sony's new console has a name - PS4, not Orbis - but better than that, it has a release date. Kind of. As the curtain began to fall on the extensive PlayStation reveal in New York, Sony Computer Entertainment CEO Andrew House announced that the PS4 would be getting a "holiday 2013" release. 

Traditionally a release tagged for 'holiday season' means the end of the year, which means that the PlayStation 4 should be available to buy in the United States in time for Chritmas. Unfortunately for local punters, Sony didn't announce when its new console would be released in Europe or the UK.

The announcement corresponds with information published earlier this week on gaming website Kotaku, which ran an article stating a reliable source had revealed that Sony's next-gen console would be released in November of this year. That same source also said the new console would be released in two formats, which would cost $429 and $529, but this wasn't confirmed. Hopefully, we'll see a projected price drop by the time E3 rolls around this June.