While the PS3 won’t be tying into a Media Center it still sounds like an amazingly capable system. The Cell Processor will be able to drive up to 2 HDTVs though from the article I can’t tell whether those are both able to be 1080p – though 1080p is not exactly widely available or affordable.
The PS3 will be fully “backward compatible,” playing all existing PlayStation and PlayStation 2 games. It will come equipped with a Blu-Ray DVD drive and support the sharpest format for HDTV, 1080p. [CNN]
Microsoft is going to have a serious advantage in timing if PS3 is really a year away. Not only will they have months in market, but they will be ready in time for the holiday rush.