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The PlayStation 4 hits stores this Friday.  It comes with a 500 GB hard drive and will set you back $399.99.  And it won't take long before you use the entire 500 gigs, since ALL your games are going to have to be cached to the hard drive before you can play them.
Most of this year's big releases will be available at launch.  If you've already bought the PS3 version of "Call of Duty: Ghosts", "Battlefield 4", and "Assassin's Creed IV", you'll be able to upgrade them to a PS4 digital version for $9.99.  
There will also be a PS4 version of "Madden 25" in stores too, but apparently only CANADIAN stores are offering any kind of trade-in discount for your old PS3 copy.  Sadly, "Grand Theft Auto V" will NOT be out on the new console any time soon.
The new PS4-exclusive titles are "Killzone Shadow Fall" . . . which is the sequel to "Killzone 3" . . . and "Knack", about a machine defending humanity from a goblin army.
You'll also be able to find PS4 versions of "Minecraft", "Angry Birds Star Wars", "DC Universe Online", "Injustice: Gods Among Us [Ultimate Edition]", "LEGO Marvel Super Heroes", "Just Dance 2014", "FIFA 14", and "NBA Live 14".
One of the big changes between PS3 and the PS4 is that a $50 PlayStation Plus membership is now REQUIRED to play online.  But on the plus side, the number of people you can have on your friends list will increase from 100 to 2000.
The new controller has a "Share" button built into it that allows you to capture, edit, and post clips from your last 15 minutes of game play to social media.
And there's an app that can turn your smartphone into a second screen for the PS4 to view in-game items, buy games and download them to your console, or watch other people play.  Some of your games can also be played remotely on your Vita.
(Here is an extensive FAQ the covers every detail about the new console.)

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