On the heels of the Xbox 360 announcement, Sony has released details about the PlayStation 3. The PS2 successor will feature a core processor unning at 3.2GHz, wireless controllers, a detachable hard drive, support for both CF and Sony Memory Stick media and buit-in WiFi allowing connection to the PSP. You can find more specs here.
The PlayStation 3 is expected to arrive in stores in Spring 2006.
Sony also gave us a sneak peek at some of the games expected for the PS3.