Sony unveiled new PlayStation 3 video game console. PS3's new processor technology, called Cell, will offer high performance for movie-like realism in games, high-definition movies and other features.

"The PS3 is truly is a system to be placed in the center of the living room," said Ken Kutaragi, creator of the original PlayStation console as well as the more recent PlayStation Portable handheld.

Prices or a specific lineup of games that will be available were not were not provided, though Sony showed off numerous demonstrations of games in development.

The PS3 will use the Blu-ray disc format, capable of holding 50 gigabytes of information, which is about six times the capacity of existing DVDs, as well as slots for memory cards, a detachable hard drive and Bluetooth wireless for up to seven wireless controllers.

The PS3 also will be able to run the thousands of games available for the older PS2 and PS1, officials said.

The announcement comes two days ahead of the Electronic Entertainment Expo, an annual industry gathering in Los Angeles.

By: DocMemory
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