PS4 owners will have more TV viewing options once the console ships this holiday season. Sony has entered an agreement with Viacom to create an online TV service that will launch later this year, according to the Wall Street Journal and Joystiq.

What does this mean for PS4 owners? There's a chance that you'll be able to watch channels and programs like MTV, BET, VH1, Showtime, Comedy Central, SpikeTV, Logo, Nickelodeon, MMA fights and much more once the unnamed TV service launches, assuming the report is accurate. For what it's worth Sony has filed a trademark for PlayStation TV with the U.S. Patent and Trademark Office. The service would also be available to PS3 owners as well as high-def TVs, but we're assuming that those would be Sony TVs only.

The report also indicates that the service will feature on-demand programming as well as cable channels and a "recommended programming" feature that will suggest programs for you to watch based on viewing habits, much as Netflix does.

It's unknown whether the service would be availablel for use with the PS Vita. Pricing information is currently unknown as well, though we hope they would strongly compete with the prices of cable TV services, which can be prohibitive.

What do you think? Would you be willing to sign up for PlayStation TV? Why or why not? How much would you be willing to pay for PlayStation TV? Which Viacom channels would you most want to see featured on PlayStation TV and why? Sound off in the comments below.