It would seem that the new updates will try to convert the PS3 to a home entertainment hub from a gaming machine.
“We have even looked at a Sony home server based on PlayStation technology. This would allow consumers to connect home automation devices to the Sony server while also delivering online gaming and access to an extensive movie and music library,” said one Sony source.
Based on these sources, and the industry shift into home entertainment space, it seems very possible that a new PlayStation console (not a PlayStation 4) is in the works.
Although it never made it out of Japan, Sony Corp. released a similar product in 2003 called the PSX. The PSX was a home entertainment center based on the PS2 hardware and also included DVD recordable functionality. Sales were poor.
Source:
DailyTech