Sony has already built up a consistent lead over Microsoft in the latest generation of the console wars and it may soon unveil a key new feature that could help maintain that lead indefinitely. IGN reports that Sony will host a panel at the Game Developers Conference on March 18th that will discuss “innovation at PlayStation” and the “future of gaming.” While this is a very vague teaser, IGN says that it could be a hint that Sony finally plans to make a formal announcement about a virtual reality headset for the PlayStation that will go head-to-head with VR headset Oculus Rift. IGN notes that two of the panel’s speakers — Sony senior director Richard Marks and Sony senior software engineer Anton Mikhailov — both “played integral roles in the development of the PlayStation Move and PS Eye for the PS3.”

Prior to joining BGR as News Editor, Brad Reed spent five years covering the wireless industry for Network World. His first smartphone was a BlackBerry but he has since become a loyal Android user.