Kotaku claims to have PS4 details

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Midna

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THE NEXT PLAYSTATION, AT A GLANCE
  • Is called, or at least carries the working codename, "Orbis".
  • Is scheduled for a Holiday 2013 release.
  • Won't be backwards compatible with PS3 games.
  • Will lock new games to a PSN account as an anti-used games measure.
  • New games can be bought either on Blu-Ray or downloaded.
  • Current specs are an AMD x64 CPU and AMD Southern Islands GPU'
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Source

Lots of details at the source.
All I can say is... please no. The southern islands line is expensive as all hell, and the DRM Kotaku is talking about... eugh
 
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