People have been raving about the PlayStation 3, the stunning graphics, the cellular chip processor, the blue ray, and its amazing capabilities.

Flashback 15 years ago. Capcom released Street Fighter II for arcades. Tecmo released Tecmo Super Bowl for the NES and Sega released Sonic the Hedgehog. Nintendo launches the Super Nintendo Entertainment System (SNES).

The release of the 16-bit Sega Genesis in ’89 created competition with Nintendo, which previously dominated the Internet gaming market for home consoles. However, in ’91, the SNES led Nintendo once again.

At the time, Sony was nowhere to be found in the games industry. However, by this time, Sony had seen the power of video game consoles and quietly began working on a console that would rival Nintendo and Sega as the best game console on the market at the time. The Sony PlayStation became the first game console to sell over 100 million game units in March 2005. Sony also had the ability to play audio CDs, as Sony refused to say that it was strictly a gaming console. games. This trend continued when PlayStation 2 launched and became the fastest selling console, selling over 105 million copies between October 26, 2000 and March 31, 2006. The PS2 had the ability to not only be compatible with earlier versions on PlayStation 1 games, but also played music and DVD movies.

Fast forward to the present and Microsoft has now entered as a major player by introducing its second gaming console, the Xbox360, which followed the Xbox. And even though Nintendo had no outside revenue from such things as stereos, computer software, home appliances, and entertainment systems, they refused to be a major player in the game console market. They released the Nintendo Wii which will compete not only with the Xbox360 but it was released in time for the Christmas holidays to compete with the new PlayStation 3.

The PlayStation 3 is nothing short of amazing. The Blu-ray drive enables playback of ultra-high-density optical discs capable of storing digital media, including high-definition video, for some of the most stunning graphics you’ll ever see. It also comes with a bluetooth wireless controller and, more importantly, the cellular processing chip, the same chip used in some supercomputers.

According to wikipedia, during the launch in Japan on November 11, 2006, PlayStation3 sold 81,639 copies in the first 24 hours. It remains out of print and was found selling for up to $15,000 on Ebay. If the built-in 20GB hard drive isn’t enough, the PS3 also comes in a premium version that contains not only a 60GB hard drive, but also multiple flash card readers.

Will we see a PlayStation 4? Not only is the answer earlier than many people think, but according to Sony’s Ken Kutaragi, they plan to release it within the next decade.

“My dream, and the dream of my whole team, is not over,” Kutaragi recently told the BBC. “In fact, we haven’t accomplished half of what we’re going to do.”

“We want to lead with PlayStation 3, and beyond that, with PlayStation 4 in the next decade.”

One can only speculate on what the future of PlayStation will bring. It’s hard to imagine it getting much better, but still, each release manages to innovate and exceed expectations. But one thing is for sure, they will always seek to bring more to their hungry consumers and will continue to look for ways to improve technology beyond current capabilities.