Sony has finally revealed more about the PS5, including price and release date details, during the recent Showcase event.
According to Sony, the PS5 will have a November 19 release date for fans living in the UK. US customers can pick up the console from November 12.
The digital-only PS5 will cost £359 in the UK, while the regular version with a disc drive will cost £449.
Sony also revealed more about its plans for PS Plus subscriptions on the PlayStation 5.
The PS5 will launch alongside a new PS Plus scheme called PlayStation Plus Collection.
The PlayStation Plus Collection contains some of the biggest and best PS4 games, including The Last of Us Remastered, Ratchet and Clank, Infamous, Uncharted 4, Bloodborne and God of War.
That's on top of games like Days Gone, Detroit Become Human, Until Dawn, Persona 5 and Resident Evil 7.
"Enjoy a selection of genre defying PS4