The Gaikai streaming service that speculation has been buzzing about has been officially unveiled, and it's Playstation Now.
The idea here is not only to bring PS3 games to PS4, but bring all previous generation Playstation games to just about every internet connected device. Using the streaming power of Gaikai, you could play a PS1, PS2 or PS3 game on your PS4, Vita, PS3, Bravia TV, Tablet, or Smartphone. That's a lot of streaming.
The idea is that players will be able to rent games from Playstation Now for a fee, or pay some kind of subscription that will let them "explore a range of titles." They demonstrated this on the CES show floor with Beyond Two Souls and The Last of Us.
The service will be entering beta in the US by the end of this month, and will fully rollout on PS4 and PS3 by summer of this year. Vita functionality will be coming later down the line. European rollout will take longer, Sony noted. The service will support online multiplayer, trophies, and messages as well.