PlayStation 4 is going to make its debut in a few months. Unlike Xbox One, PS4 is more gamer friendly and cheaper. It supports even better games and has a suspend mode to eliminate load time on your saved games. You can broadcast your games to Ustream.
The device has a x86-64 AMD ‘Jaguar’ 8 cores with 1.84 TFLOPS, AMD next-generation Radeon™ based graphics engine. You get a built-in hard drive and all the ports you need to connect peripherals. Here is how PS4 stacks up against the Xbox One console: