Sony unveiled the PlayStation 4 today, its next generation gaming console which will be arriving in stores later this year.

Packed with all the latest in modern hardware the new PlayStation 4 will come with an x86 processor, an 8-core combined CPU/GPU and 8GB of fast GDDR5 memory. The new hardware is a substantial improvement over the previous PlayStation 3 and should give the next generations of games amazing graphic details.

While Sony was being coy with the design of the actual console by not releasing any photos of the unit, they did show off the new DualShock 4 controller. The new controller which looks similar to the previous model, sports a new touch pad, a share button, a headphone jack, and a light bar to track the players movement.

Sony has also worked hard to improve their cloud services with the new PlayStation 4 being able to download games in the background, giving you the ability to play the games while they are being downloaded from Sony’s servers.

A console isn’t very exciting without the games and Sony today announced a slew of game developers who were eager to demo their latest games on the PS4. Most notable is Diablo 3 by which marks the first time that Blizzard has ported the Diablo Series to a console

Full coverage and more photos can be seen at Gizmodo