However, it seems like a lifetime ago that we received an update on the next-gen console.
Well, word on the street is that you can expect an update on the next-gen pretty imminently, so keep your ears perked up over the next 24 hours.
For now, continue reading to check out all the details we have.
PS5 release date and cost
The PS4 came out in November 15th 2013 (a long time ago, eh?), which could give us further indication that the new console is penned for a pre-Christmas launch.
START YOUR ENGINES: The PS5 will go head-to-head with the new Xbox in November 2020
To back up this theory, a leak has suggested the release date will be November 20, which would put it in direct competition with the Xbox Series X, which has a rumoured release date of November. Game on.
However, with all of the disruption that Coronavirus has caused in the past few weeks, we wouldn't be shocked if next-gen consoles were impacted too.
Here, you can sign up and they'll let you know the second the PS5 will be available to pre-order. Worth a punt if you ask us.
READ MORE: PS5 controller design, new features & more
On the production side, dev kits are landing at developer's doors, and have found their way on to Reddit.
Companies like Square Enix ave revealed they're hard at work on on a PS5 version of Final Fantasy XIV, while BioWare has dropped a teaser trailer for a 2022 release of Dragon Age 4.
Remember, for more information about the PS5, be sure to read our absolutely everything piece about Sony's new console - to find out how it could stack up against the Xbox Series X.
Rumoured PS5 games
There will be a lot of big exclusives coming to Sony's console - from the new God of War to a perhaps a brand new Killzone.
This was Sony’s answer to Halo and Gears of War - but is seen by having plenty of style but not much substance.
LOOKS FAMILIAR: Where do you think Guerilla Games got the inspo for Killzone?
Both Killzone on the PS2 and Killzone 2 / 3 on the PS3 acted as showcases, pushing the consoles to the limits of what they can achieve graphically.
Should we see another Killzone, expect more of the same.
Recently, we’ve had the pleasure of four Crash Bandicoot games being remastered.
WHOA! We all want more Crash on PS5
It was a great trip down memory lane and remasters seem to be all the rage lately so wouldn’t it be a great way to launch a new Sony console than with its most recognised mascot?
PlayStation still gets preferential treatment with Crash titles, in particular, the Crash Bandicoot N’Sane Trilogy, so it wouldn’t be out of the question.
The Last Of Us 2 Remastered
The Last of Us 2 is scheduled to release on PlayStation 4, but it was recently announced that it will be delayed until the 29th May.
THE FIRST ON PS5? It looks likely that the Naughty Dog title will appear on PS5
There's every chance the game will come out on the PS5, too - albeit with slightly improved performance and visuals. Not confirmed, but watch this space.
There are few games with a better track record than the Uncharted series, it’s undoubtedly one of Sony's most valuable gaming franchises.
DOUBLING UP: Naughty Dog could have two big hitters on PS5
We're almost certain a new Uncharted will arrive - but we'll have to wait a few years as Naughty Dog is tied up with TLOU2.
Horizon Zero Dawn 2
Guerilla Games’ action-RPG released in 2017 and was loved by critics and fans alike
A NEW DAWN: A sequel is on the way, but it may be a while away
Having sold over 10 million copies, Guerilla Games have already confirmed a sequel is on the way. However, as the original took six years to make, we may be waiting a while.
God of War II
ONLY A MATTER OF TIME: Immensely popular and bespoke to Sony, it's a question of when not if
After a hiatus of five years, which doesn’t include the remasters, the God of War franchise was rebooted following Norse mythology.
It was nothing short of perfection and appetite for a sequel is growing by the day.
Little Big Planet 4
The Little Big Planet series has sold more than 10 million user-created levels.
GOING BIG: One of the most classic PS titles must surely return
There's clearly an appetite for the series, so we can expect Sony to give it the next-gen treatment pronto.
Spider-Man 2 Game
The new Spider-Man game was brilliant - and another game worthy of a sequel.
PEACE OUT: The Marvel character provided us with one of the most popular games on PS4
The previous game took 4 years to develop, but as gameplay mechanics won't need too much tweaking, we're hoping Spidey will return to our screens in 2021.