PS4: Release Date, Price Info Revealed, Costs Much Less Than Xbox One [PHOTOS]

Sony revealed at its E3 2013 event that the PS4 will retail for $399 and be available this coming holiday season.

Considering that the Xbox One will cost $500 and ship with used-game restrictions as well as an Internet connection requirement, the PS4 could benefit this holiday season with its lower price point and fewer gaming requirements.

We wonder whether Microsoft is sweating bullets at this point considering that its chief rival, the PS4, offers the consumer a console at a much lower price and with much more freedom.

The photo below says it all.

What do you think of the PS4's $399 price? Are you happy with it? Why or why not? Do you think that the PS4 is outclassing the Xbox One to this point? Why or why not? Sound off in the comments below.