This week is the annual E3 computer gaming trade show in Los Angeles.

Last week, Microsoft took the time to release images and specs of it's upcoming XBOX 360, the replacement for their current gaming console. It's due on store shelves next winter -- but you know how Microsoft can delay things, so I'll believe it when I see it.

Early this morning, Sony released information and images of the PlayStation 3, their next-generation console system. Sony says that their system will be fully backward-compatible, both with the PlayStation 1 and PlayStation 2.

The new system is very sleek looking with an aerodynamic controller. Sony showed off three colors -- white, silver and black.

Both systems boast full high defintion compatibility, and showed off some upcoming game titles and images for the new systems.

Both systems will be in the $300 to $400 range at full retail, with the Sony system coming to market in Spring 2006.

It's anticipated that Nintendo will make an announcement regarding their next-generation console system sometime before the end of the E3 show this week.

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