The Playstation 4 has no region lock and also doesn't need to connect to the internet at a predefined interval. Games from all regions will work on all Playstation 4 consoles. The new console from Sony also doesn't need to connect to the internet daily to verify itself. Both consoles have a Blu-ray drive and both come with a hard disk drive with a capacity of 500 GB. The HDD of the Playstation 4 is replaceable, while the HDD of the Xbox One isn't.
Yesterday the E3 game conference in Los Angeles opened its doors and both Microsoft and Sony used the opportunity to show more details of their next generation consoles the Xbox One and the Playstation 4.
The Playstation 4 will be $399,- which is $100,- cheaper than the Xbox One that will be sold for $499. While the Playstation 4 is cheaper it also seems a bit less strict when it comes to copy protections. Besides the fact that it has no region lock, the Sony console doesn't require to connect to the internet every 24 hours.The Xbox One does have this requirement while it's also region locked.
There is some confusion about second hand games on both consoles. For now it's likely that Microsoft will require an additional charge to play a game on another console than the initial one on which the game was installed for the first time. Sony announced that it will support second hand games but it's unclear if the Japanese tech giant will also require a fee to play the game to a different console or transfer it to a different owner.