Sony Announce Playstation 4 Release; Set price tag to $399

Sony has announced this morning that the PS4 would be coming out this holidays, with a price tag of $399.
The announcement was made via their Twitter account.

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PlayStation Cloud Service: Coming in 2014 in the US. Will enable PS3, PS4, then Vita to stream PS3. Will be "fast, responsive."
— PlayStation (@PlayStation) June 11, 2013

One more thing. PS4 will be $399!!!!!!!!!
— PlayStation (@PlayStation) June 11, 2013

PS4 out $399 in the US, out this Holiday.“At PlayStation, true consumer ownership and consumer trust are central to what we do.”
— PlayStation (@PlayStation) June 11, 2013

#GreatnessAwaits
— PlayStation (@PlayStation) June 11, 2013