What does tonight’s announcement of the PlayStation 4 spell for Sony’s next-gen fortunes? Chris Morris takes a look at what has been promised — and ignored — and predicts what it means for the platform holder’s future.

The reveal was just the beginning.

Sony’s unveiling of the PlayStation 4 Wednesday was the start of a long, carefully planned marketing campaign that will culminate in its release this holiday season. And while the company might be focusing gamer attentions on the new hardware, the touchscreen controller and several big name games, what’s really at stake is a whole lot bigger.

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