I'll tell you this my friend, it has many more features than the PS3. The games that are being pumped out right now are of high quality visually (but some times not so much in game play).
One thing you'll have to factor in is the fact that, if you want to play online with your friends, you'll have to purchase a subscription to Playstation Plus.
There is a fair amount of opinion on this, but personally, the pros outweigh the cons by a mile. One thing is that you get free monthly titles. $90 for a years subscription and you can have 2-3 games for PS4 for free. You also get 2-3 games for PS3 and PS Vita. So 5 to 6 free games every month, ranging between $10 to $89.99!!
The PS4 controller is new also, it has a great design and new dual shock sticks.
One lame thing however is that sometimes PSN gets attacked by hackers, or even just has form of hiccup.
Just some stuff to consider

