Looks like Playstation 3 is going to be out in about 2 years. Right now, It looks like it could be hugely powerful. Sony/IBM/Toshiba is building a brand new processor from the ground up, called Cell. It's supposedly going to be able to do a teraflop of calculations every second, which makes it about 100 times faster than the average Pentium 4. The problem is that it wont be in mass production until 2007, while PS3 is going to be launched in 2005/2006. It will also probably be extremely expensive. Of course, people are going to buy PS3 anyway as long as Grand Theft Auto 4 launches with it, but will it be a good console or not?