Several internal studios have started up work on the first line of PlayStation 4 titles, according to a Develop source “connected to the matter.”
The projects are in their “very early stages,” and are currently only “game concepts,” notes Develop, but can be “jump into full production” if “given the green light.”
Additionally, “multiple sources” reportedly told the site Microsoft is planning to launch “the next generation Xbox” in 2013. Previously, the site was told the new console would see a full unveil at E3 2012.
The site also understands Lionhead is working on the next Fable for launch on the new console. In late August, OXM rumored the next Fable to launch as a “proper, controller-based” game in 2013.