No one knows what the PS5 release date is yet, in fact there's very little confirmed from Sony.
That hasn't stopped people guessing and rumours abounding about the PlayStation 5.
Several rumours are circulating about the PlayStation 5, and what it could bring to the table despite the fact it could be years before we get a new console.
While some people suggested that the console could launch later this year, a recent report suggested it may not be unveiled until 2020.
A 2020 launch would make the current PlayStation 4 around 7 years old.
However, the PlayStation 4 has been slimmed down and powered up in the form of the PS4 Slim and the PS4 Pro since launching in 2013.
Sony is yet to comment on any of the rumours, and it is unclear when, or if, it plans to bring out the PlayStation 5.
We've rounded up some of the most interesting tidbits of news, and will continue to update this article as we learn more.
PS5 release date
Multiple sources have told gaming website Kotaku that the next Sony console won't appear until at least 2020.
The site reports: "Two people said they were directly familiar with plans for Sony’s new console. Those two people both told me that the next PlayStation is unlikely to release in 2019, let alone 2018, although they were careful to be clear that these plans are always shifting."
A 2020 launch would make the current PlayStation 4 around 7 years old - although it has been slimmed down and powered up in the form of the PS4 Slim and the PS4 Pro since launching in 2013.
At the moment, Microsoft has the edge over Sony in terms of raw power with the Xbox One X - which is possibly why the Japanese company is keeping its plans fluid.
With the news that Sony is not planning to attend E3 2019 but instead hold its own events, there's been some speculation that we might see an announcement next year, perhaps even a surprise launch at the end of 2019.
For the last few shows the company has been pulling away from having a presence at the gaming exhibition, preferring to host off-site presentations during the event. Removing themselves entirely from E3 suggests they might have a big reveal planned and want to avoid the news being swept up with announcements from rivals.
PS5 price
The price of the PlayStation 5 will ultimately be decided based on what components Sony is able to put inside it. There's still no telling how much memory or what kind of processor will be inside the new system.
But given the intense competition, Sony won't want to price it too high for fear of a backlash - something it experienced with the PlayStation 3 in 2007, which launched at £425.
An educated guess would put the PlayStation 5's price range somewhere between £450 and £550. Microsoft's Xbox One X is currently tipping the pricing scales at £450.
Is Sony planning any handheld devices?
Sony isn't planning any more handheld devices to run alongside the PS5. The PS Vita is ending production in Japan. It isn't set to happen right away, but will finish by the end of the year.
That doesn't mean there won't be more games, but it does mark the end of the handheld 'test' by Sony.
Sony has said there are no further plans to produce a follow up to PS Vita, that means that PS5 will not have a look-alike Nintendo Switch shape - and it also means there's no handheld support for PS5 as things stand.
Sony Interactive Entertainment senior VP told Famitsu, speaking at TGS, said: "We currently do not have any plans to announce a new handheld device.
“As for the PlayStation Vita, we will continue its production through 2019 in Japan. Shipment will end.”
PS5 Specs
We don't yet know the specs of the PlayStation 5 but can take the internals of the Xbox One X as a good baseline.
Microsoft has jumped in with an octo-core chip performing at 2.3GHz. There's also a dedicated 1.17GHz graphics processor capable of supporting full 4K UHD graphics. All of which is backed up by 12GB of GDDR5 RAM.
So, while there's radio silence from Sony about what's likely to be inside its next console, you can be fairly certain it'll be on a par (if not better than) what Xbox is offering right now.
Patents filed by Sony reference "remastering by emulation", suggesting the possibility of PS5 backwards compatibility with PS4 games and maybe beyond. Given how successful backwards compatibility has been on the Xbox One - and how its absence on the PS4 has disappointed many gamers - this would be a logical move for Sony.
We'll also keep an eye on how the PC gaming market changes over the next six months to have an idea of what kinds of power will be included in the next generation of home consoles.
What about a rival Xbox?
There's already work underway for a rival - with Xbox expected to launch a new console at the same time as PlayStation.
AMD President and CEO Lisa Su recently revealed AMD is involved in both PS5's and Xbox's Project Scarlett.
"We're working with both Sony and Microsoft on consoles," she said. "They both have their specific secret sauce that we're helping them do."
Could Microsoft be looking at Cloud Gaming and is that what AMD is involved with?
What about the PlayStation Network?
There are also rumours that Sony is making changes to the PlayStation Network ahead of the PS5 release.
The PSN as it stands currently isn't without issues - and it's something Sony will want to improve.
The PS Plus subscription service is clearly part of Sony's future plans and something they will build upon.
The hope is they will offer a PSN upgrade with the PS5.
There's no actual info yet, though Windows Central team writer Jez Corden has suggested there's a big infrastructure update being worked on.
Sony isn't expected to make an announcement in 2018 in relation to their hardware line so don't expect many more details.
It may even take until 2019 for more news to be released.
What fans want from the PS5
In terms of what people want in Sony's next-gen console fans have asked for a sleek design, though with the upgrades to the processor and graphics chip the console might end up being a bit more bulky at first.
Fans have also called for a PSVR 2 headset for the new console.
Patents for a new PSVR controller have already been found, so that could be part of a new headset launch.
For the actual controller expect the same sort of Dual Shock design we've seen before.
Backwards Compatibility is another must-have, with the PS Plus subscription service offering BC games.
The big question is whether Sony will release more than one console. One for better specs, and one for a lower cost.
PS5 games
As with the price, games are a bit of an unknown quantity at the moment. However, if Sony follows an iterative update process, it's likely that your PS4 games will continue to work on the PS5.
Sony has a range of first-party franchises that it can bring to bear on the PS5, so you can expect next generation sequels from the likes of Horizon: Zero Dawn, Gran Turismo and possibly even Uncharted.
Third-party juggernauts like Grand Theft Auto, Call of Duty and FIFA are also guaranteed to put in an appearance.
Virtual reality fans can also rest assured that Sony will be making VR a key selling point of the new console.