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The next gen consoles are upon us. Following Microsoft's announcement of the Xbox Series X and its more modest Series S counterpart, it's now Sony's turn. The Playstation 5 will be showcased today at an online event, starting at 1PM PDT/8PM UTC and you can tune in to it from the stream below. Sony previously revealed the design of the PlayStation 5 and its controller as well as its hardware. However we'll now get the most important pieces of the puzzle - pricing and availability.