Sony (SNE) unveiled its next-generation PlayStation 4 video game console on Wednesday evening, and the console looks impressive to say the least. Powered by an eight-core CPU, a powerful GPU and 8GB of RAM, Sony is calling its new PlayStation console “the evolution of gaming.” The PS4 is packed with power and a host of new social features, and Sony confirmed on Wednesday that it will launch the new console ahead of the holidays this year. No specific release date or pricing were announced.

Be sure to check out our live coverage of Sony’s PlayStation 4 event!