PlayStation 3 & 'Revolution'

Only 2 days after Microsoft announced Xbox 360 for this year's holiday
season in December, Sony also announced PlayStation 3 but it is set for
Spring 2006 launch. PS3 boasts 35 times the power of the PS2.

Nintendo also kicked off its next-generation video game machine named
'Revolution' that will combine the compact size of the Game Boy, the
online functionality of the Nintendo DS and the company's vault of games
and again, just like Playstation 3, it will take 1 more year to launch itself
into the market.