Just a few short weeks ago, it seemed pretty clear how this holiday season was going to shake out for the video game industry – on a few fronts at least.

The long drought of mediocre titles would be replaced with a steady stream of AAA hits. Nintendo would roll out the first next-generation console system. And Microsoft and Sony would battle the Wii U with the best tool at their disposal: A price cut.

Then came Wednesday’s pre-TGS Sony press conference – and all hell broke loose.

Read more at GamesIndustry.biz