First: Im all for Nintendo, but interested in the industry as a whole.
Thought you might want to know, PS4 has been unveiled toda - this is what Nintendo has to go up against.
I watched the press conference live and wrote up the facts for you!
Here's the writeup:

HARDWARE

• 8 cores of CPU
• 8 GB of DDR5 Ram
• High End GPU, built off PC specs to ease development (several generations ahead of the Wii U chip)
• 500 GB built in hard disk
• Controller looks great, including touch-area, share-button, headphone jack, motion controlls (3D in space with "lightbar")
• BIG focus on "developer friendliness" (I think this might be one of the most important things)

FEATURES

• fully integrated facebook/twitter/youtube and third party apps
• suspend mode, let console sleep, pick up and continue gaming without booting console
• PLAY downloadable games, WHILE you download them (streamplay)
• press the SHARE button on the controller to send the last 30 seconds of gameplay footage or your achievements/trophies to twitter/facebook/youtube, make gameplay videos and screenshots
• Personalized Home Space, with Info about your games, friends comments, etc... its a bit like ... "Miiverse" only with more "serious" user interface
• Playstation Network (their online thing) is said to be the "fastest gaming network" with PS4, cloud technology for any game, friendslist, voicechat, playeralerts (if they have new game, unlocked some achievement, ...), demos for EVERY download-only game (try before you buy)
• Spectate - watch the PROS play their games, share button lets you broadcast yourself, realtime, while playing... people can post on your screen as a response
• if you're stuck in a game, you can let some friend, over online, help you by controlling your game (like remoteplay) while watching realtime
• REMOTEPLAY - put your PS4 game onto VITA (via stream, just like Nintendos Gamepad) - they say it works with all games (in long term)
• Future goal: cloud-stream existing PS1, PS2, PS3 on your PS4/Vita (backwards compatibility no issue anymore)
• some way of integration onto many devices even outside of Vita, like iPad, iPhone, Android, ...
• Selfpublishing, completely open doors to indie developers!!

GAMES & DEVELOPERS

Graphics look absolutely mindblowing...

• Killzone Shadowfall: PS4-exclusive, typical futuristic shooter, absolutely stunning sets and visuals, with FAR viewdistances, ingame looks like prerendered video...
• DriveClub: nice car game, teambased racer, many licensed awesome cars, team vs team racing, real car clubs, asynchronous and realtime, challenges, create a challenge on your smartphone, set track, time of day, weather and send it to the world, 1000-player tournaments,...
• infamous Second Son: PS4-exclusive, superhumans, stealth, security cameras, dystopian setting, looks disturbing but awesome.
• The Witness: PS4-exclusive, indiegame, about ephiphany, exploring game, full of "aha"-moments, open world, awesome concept, graphics look a bit like Windwaker HD
• Quantic Dream Tech Demo "Old Man": its about showing that ultra high res can show subtle emotions on game characters now, looks absolutely stunning!
• PS-Move Controller: 3D sculpturing and music apps were shown, not too impressive though for me, its basicly just playing string puppets...
• they say every 3rd party developer of EU/US/JP will support PS4!
• Capcom (this guy sucks!) shows history of ... Capcom, wth... showing all major games of the past briefly, he's praising Resident Evil series... pf..., shows new stunning engine for PS4, showing new IP "deep down" running on PS4 - looks incredible, looks like a third person dungeon crawler!
• Square Enix: Showing new "Illuminous"-engine for PS4, reaches movielike quality. Absolutely breathtaking. I've seen this trailer before though.Guy says PS4 is game developer's dream.
• Square Enix Final Fantasy brand director: FF title will be at E3
• Ubisoft: Guillemot takes the stage... Watchdogs, games will be played on many devices he says, live demo of Watchdogs open world, this looks like friggin movie, great ingame interaction and lightning effects, pedestrian ai looks natural, this is GTA evolved!
• Blizzard: strategic partnership for world dominance (jk), they'll bring Diablo III to PS3/PS4 (who cares, game sucks!), 4player coop on 1 screen (nice!)
• Activision: Bungie, will bring Destiny, big coop MMO-FPS, ingame footage, looks awesome and fun (even though not as next gen as other footage I've seen)

Release Holidays 2013

My neutral impression:
Impressive piece of hardware and it seems they have some kind of answer to any innovation of Ninty and awesome dev support!
But so far its just marketing talk, lets see if they deliver, and IF it matters...
(In my case: I don't care for any games on PS I've heard of so far)

Video link: http://www.ign.com/articles/2013/02/14/watch-the-220-playstat...

Sorry for typos or other garbage, its late here...
good night!

If you want to discusse the PS4 the thread to do so is right here http://www.nintendolife.com/forums/other_gaming/the_playstati... my friend.

And quite frankly by posting this in the Wii U section I can only see this thread turning into a fanboy war.

Watch Dogs looked fun and great

No I don't. I want to discuss specs/games/launch VS Nintendo in comparison. I don't care for the PS4 actually, I'm just worried about "my" Nintendo. But thank you.

This sounds awesome!

Makes me want to get that as well as a Vita.

Knack and Drive Club looks great.

Sounds like flamewar-baiting the perfect discussion to bring to the PS4 thread you were just linked to, ya?

Nice recap! I didn't get to watch the whole thing so this is helpful.

Actually, this is more about the conference itself so I think it's fine. It should definetely be moved out of the Wii U section though.

Everyone grab your shields, there's a flamewar brewing!

Nintendo has it's work cut out for them. They better win developers back or Wii U will be in trouble.

First of all, the GPU won't be "several" generations ahead of the Wii U GPU, at the most just one generation, I think it's safe to assume this given Sony's tendency to blow their tech out of proportion (like the Cell Processor) and the fact they have no details about it. Second, the Remote Play is not a threat to Nintendo, because Sony is still asking customers to purchase two platforms, both at high price points, to be able to utilize this feature.

Looking through this list, it seems that Nintendo has a lot less to go up against compared to last generation, between the Wii and PS3. Aside from the obvious graphical improvements, most of these features can be done on the Wii U if Nintendo is willing to update it. Remember guys, the Wii didn't even have online at all when it first came out. No HD, no hard drive, no online, yet it still ended up outselling the PS3. I think there's something to be said for that.

What? Why do some of you believe this is about a flame war? Don't be so infantile, we're all gamers after all, this thread is about the Wii U, the struggles it has and what it has to go up against, so I think this thread is perfectly fine here, because like it or not, thi ls reveal WILL affect the future of the Wii U and Nintendo has to deliver TOP this time! I'm especially afraid of the BIG dev support Sony has and Nintendo could need badly!

Let me strike the first match:

Where are the all the people saying that the PS4 visuals wouldn't be that much better than those of the Wii-U?

It was quite shocking how far ahead they are....none of the games really interests me....but it sure is pretty!

The GPU IS several generations ahead (wii u is around radon series 5 and ps is around radeon series 7 or more) - at least that's off that digital foundry benchmark!

And about the two platforms, you're right, but I still think given the huge fan base playstation has all it will do is finally pushing vita sales and not hurt either systems! But that's just opinions!

Looks totally epic, but due to every Sony gaming device having a lackluster launch, I shall wait to see the community.

The flame wars been around for a while... I honestly wasn't impressed. I'll have to see what Xbox has to offer before I decide anything. We already know what Wii U can do, and I think Xbox will have a more concrete way of doing things in this gen compared to Sony. Sony's all over the place. I think they will bring some good ideas to the table, but I don't think it will last.

Again please keep this clean I merely wanted to inform you "what we are up against. Not to put some poo poo on your beloved Wii U.

It's interesting but until Ratchet & Clank is on it I can wait. Haven't seen the entire press conference.

I thought similar! Hardware is impressive though and time will tell what customers will go for, I don't mind anyone's success I'm just afraid of devs jumpin ship OFF Nintendo!

And here we go.