"This week at the annual E3 video gaming conference in Los Angeles, the current titans of video game consoles led the charge with their next generation offerings. First up was Microsoft with the announcement of game titles and a $499.99 launch price for the holiday 2013 launch of the Xbox One console. Following shortly thereafter, Sony announced their exclusive content and slightly surprising $399.99 launch price for the PS4 console.
Reactions from gamers have been swiftly in favor of the PS4 console value proposition. A lower price, similar if not better perceived processing power, the ability to sell or loan disc-based games as previous generations offered."