According to tech website Engadget, Sony Worldwide Studios boss Shuhei Yoshida has confessed that the Playstation 4 will not allow you to transfer your existing PSN purchases over to the new console.

That’s going to sting a fair few folks I reckon.

In regards to the larger issue of backwards compatibility, Sony intend to circumvent the issue by facilitating backwards compatibility in the Playstation Cloud; though specifics and a business model for this have yet to be revealed.

What do you think about this?