Sony’s PlayStation 4 will be officially hitting stores on November 15 in North America, retailing at $399. Gamers will be able to play games while they install to the PS4’s hard drive and be able to enjoy PS1/PS2/PS3 games through Gaikai’s cloud-streaming service. Product page. Continue reading for a video preview and more information.

The PlayStation 4 will automatically record video footage as you go through games, and you can hit the Share button on your controller to send that footage to other PSN players.

It’s currently unclear exactly how many minutes of gameplay the machine will save: reports have claimed 15 minutes.

[Source]