Watch the NY PlayStation conference here

At 3 PM New York time, Sony will be holding a press conference from the PlayStation Theater at Times Square. You can watch along with everyone else in the live stream below.

What can we expect? Well for starters, while Sony has not disclosed exactly what's in store for the event, we're fairly sure that both the recently leaked PlayStation 4 Slim hardware and the much more powerful PS4 Neo will get some time in the spotlight. The codenamed Neo hardware will effectively go toe-to-toe with Microsoft's Project Scorpio. Both systems will offer much more horsepower under the hood and support 4K natively. Hopefully, we'll get some real answers on official launch plans for both new pieces of hardware.

And with PlayStation VR set to hit retailers on October 13, don't be surprised if Sony also spends some time during the two-hour event talking about its entry into virtual reality. Fingers crossed we'll see some interesting new software to go along with all this hardware talk. We'll be bringing you all the news as it unfolds.

You can watch the live stream of the whole event on Twitch below at 15:00 EST (20:00 UK).