Pretty much as I thought it would turn out, but with more integrated social bells and whistles. Like I predicted, they aren't touching the two issues that will define if I will get a next-gen console or not: Used game lockout (hinted at with gaikai somewhat) and the always-on internet requirement. They will either announce those at E3, or wait until the last minute. The shorter the window to debate the issue, the easier it will be to trick people into buying it. One thing that didn't occur to me until during the presentation: There was mention that ps3 games are being made in tandem with ps4 games. Not unheard of (a few ps2 titles had ps1 ports during ps2's transition), but this could be a trump card for consumers. If there's enough backlash against the ps4 and 720, people might retreat to their previous generation consoles and force developers to make games for both for an extended period of time. If D3 can fit on a ps3, I think gamers can live with previous gen consoles for another few years until ms and sony get the hint. Also, you can thank this conference for ruining blazers-with-jeans forever. Everyone who wears that combo is automatically a douche. EDIT: One more thing: gaikai would be really cool if it would let me get a free digital copy if I could prove I own an existing ps1/2/3 game. Doubt it'll actually happen but it would cut down on my hatred a little.