PlayStation 4: Not Forgotten, But Not Soon

Just a few months ago, the Playstation 4 was not even a thought on Sony's collective mind — at least according to Sony Computer Entertainment head Kaz Hirai.

But now, a different executive has fessed up. Work on a future Playstation platform is already underway, says Masaru Kato, Sony's executive vice president and chief financial officer. His comments came up when asked to explain higher research and development costs to investors, Eurogamer reports.