Following news regarding Nintendo and Microsoft’s consoles-to-come, it has been indirectly confirmed that Sony plans to launch the PS3 in March 2006. During its E3 Conference, Nonuyeki Idei - Chairman of Sony - had announced that the new CELL processor technology would be in action by that point in time. It is now definite that the next-gen Playstation will be the first manifestation of this new chip. Therefore, it can safely be assumed that this indicates the official PS3 release date.
Further hints have suggested other interesting plans for this new CELL technology. Sony also hopes to incorporate it into its television sets in order to facilitate web-browsing and assorted media playback. In similar vein to Microsoft, the Japanese electronics giant seems to be making concerted efforts towards ‘technological convergence’. If the PS3, the new CELL based TV's and the PSP can all be linked together in a wi-fi-enabled orgy of innovation, then Sony could have the power to take over your living room completely.
Given that Nintendo will be showing its next-gen offering at E3 2005, it is expected that Sony too will be displaying its preliminary wares at this time. Stay posted for further details as they unfurl.