People familiar with Sony's plans say the company is indeed gearing up to unveil the successor to the PlayStation 3, the Wall Street Journal said on Thursday. The publication's report comes just hours after Sony invited consumers to "see the future" of the PlayStation on Feb. 20.

WSJ said in order to adapt to the changing video game market, Sony "is planning to incorporate more social gaming aspects into the new machine," citing the proliferation of smartphones as a reason. However, the how and what of those social aspects remains unclear.

One of the bigger rumors surrounding the next PlayStation was whether or not Sony would ditch the optical drive, but it sounds like the company has scrapped that idea due to file size and slow Internet connections. Additionally, WSJ said Sony's next console will rely on an AMD chip, and ditch its Cell processor while also dropping Nvidia as its graphics chip provider.

The PlayStation 3 was released all the way back in November of 2006, and with technology moving at such a rapid rate, it seems as though the company wants to get a jump on Microsoft, contradicting earlier comments made by Sony's Kaz Hirai.