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Next-gen console madness from Sony and Microsoft

How many years have we been speculating about the release of Sony and Microsoft’s next-gen consoles? Five years? Ten? How long have the rumours been flying around not only about their specs, but their names? PS4, Orbis, Xbox 720, Infinity, Durango, Loop — we’ve heard them all.
Let’s be honest, we really don’t know much about these consoles at all, but we can speculate ’til the cows come home based on bits of information we gleaned while scouring the internet for official press releases. Let us begin with the PS4.
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