Update: It’s official. Sony formally unveiled the PlayStation 4, or PS4. Check out this slideshow of images from the event.

Sony is gearing up for a big event tonight in New York City, which many expect to include the launch of the next-gen PlayStation console.

“We have some big news to share with you,” Sony teased on its Facebook page this week. “Get ready.”

The event kicks off at 6 p.m. Eastern. PCMag will be there, so follow along with @PCMagLive(Opens in a new window) on Twitter (live stream under the video below), and stay tuned to PCMag.com for all the news. But you can also tune in below to watch the company’s presentation live.

Sony sent out invites for tonight’s event earlier this month, which invited fans to “see the future.” A 45-second teaser video didn’t give away any details, but simply displayed a rendering of the iconic PlayStation controller symbols before fading into the console’s logo and the announcement date.

As a result, many believe tonight’s event will include the launch of a new PlayStation, perhaps dubbed the PS4. In recent days, there have been a number of rumors about what the PS4 might entail – from streaming games and used game restrictions to game recording capabilities and a revamped controller.

All will be revealed in a few short hours. Until then, check out PlayStation 4: What to Expect From Sony and PlayStation 4: 6 Features We Don’t Want. And let us know what you want Sony to unveil in the comments below.

Streaming video by Ustream(Opens in a new window)

For more from Chloe, follow her on Twitter @ChloeAlbanesius(Opens in a new window).