Here we go ladies and gentlemen: Kotaku claims to have the skinny on the next PlayStation.

The site claims the upcoming machine is currently codenamed Orbis — Latin for "circle", naturally — and will launch in time for holiday 2013. Supposedly it won't play PS3 games, will lock all new games to a single PSN account to limit the pre-owned market and can output at resolutions up to 4096x2160 — far more than the PS3's current 1920x1080.

As always, the source is anonymous and Sony has declined the opportunity to comment, so take all this with as much salt as you can get your hands on. Then grab some more — it is Kotaku after all.

We recently asked do we need PlayStation 4 yet?