PS4 Plans Suspended? No! Examples of Incorrect Rumors Running Wild | PS3Blog.net
So, recently, there have been reports popping up stemming from this JP website, where, allegedly, Sony has stated that they are betting all of their chips on the NGP, and have since suspended development of the PS4.
It sounds absurd right from the start and I’m not sure how people ran with this. What Sony actually said is that they have no immediate plans for the PS4 and plan on supporting the PS3 and NGP in the immediate future. A standard cookie cutter corporate response to a question about the PS4.
*image borrowed from thegamereview.com*