So far Sony seemed to have no rush with the PS3, as they are extending the PS2 life cycle with the PSX, but now things seem to have changed. Sony Corporation has announced that the PS3 will be demonstrated in the E3 expo on May 2005. This means that the project has matured quite a bit from the conceptual stage, and may put some pressure on the competitors Microsoft and Nintendo.
The company also plans to show off a demonstration version of the new machine at next May's Electronic Entertainment Exposition (also called E3), the video game industry's giant annual confab.
The news from Sony follows a similar announcement from Nintendo, which plans to show off its new console, code-named "Revolution," at E3 also, according to published reports.Source: TheStreet.com