sid, the ps4 is supposed to be announced soon anyways, the xbox720 is supposed to fully come out though (or the next xbox, just assumed name). The specs have already been released of the ps4 for a few days +. Quite good specs and stuff and the current storage amount is 60gb (might only be 6, i forgot, but it was low low lol), but that is only the stock, the actual release of the ps4 should have around 120-260gb). This console is most likely going to be coming out beginning of 2014 like Sony plans.
The xbox(720...the next one or whatever the name is) is going to be coming out just in time for christmas as planned. May not be 100% right, but that's the plans for them.
Sony has allowed the Microsoft to announce first due to they probably think going 2nd they can blow the minds by fixing things up and making it better, but in reality, they have been working on it for years, so there will be no advancements in that time, so not really an advantage for them.
Microsoft has an upper hand mostly because of its release date, everybody will want one for christmas etc.
If you want to quote this and put this in your first post feel free ;) hehe we both know that you want to because this has useful information on it
![Proud](https://cache.toribash.com/forum/images/smileys2/proud.gif)
Enjoy for people that actually read all of this. etc.