Will Sony's PlayStation 4 go toe to toe with Nintendo's 'Project Cafe?'

Look, it's been over five years since Nintendo, Sony or Microsoft has released a new home console--it's about time. After Nintendo revealed its plans to announce the successor to the Wii, Sony has leaked a small sliver of a confirmation for the inevitable PlayStation 4. (That image above is a mock-up folks ... for octopus people.) Sony executive VP Masaru Kato spilled the beans during a call to investors, explaining hikes in development costs, MCV reports.