There wasn’t much doubt from video gamers about this, but Sony confirmed it to Wired this week: the Playstation 5 WILL launch as expected during the holiday season of 2020. Also, the name is confirmed to be “Playstation 5,” which is even less shocking.

Sony Interactive Entertainment CEO Jim Ryan and system architect Mark Cerny spilled the beans about the PS5 architecture. The features gamers demand are in there. It does ray-tracing natively, straight from the GPU. It uses a solid state drive, like any piece of electronics these days worth its salt. And the optical discs (which are still a thing, thankfully) will ship in a special proprietary format created just for the PS5: they will hold 100 gigs worth of data, which is 40 gigs more than a standard Blu-Ray.

As far as the controller goes, Sony knows better than to mess with a good thing. The Dualshock 5 will no doubt be much like the Dualshock 4, except with a couple new features. Cerny specifically mentioned “adaptive triggers” that can be calibrated to different sensitivities by game developers.

So now that Sony has officially confirmed the Playstation 5 is a go, how will Microsoft respond? They are usually competitively aggressive, which means they’re no doubt scrambling to get Project Scarlett to a finished state within Sony’s launch window. If past behavior is any indication, Microsoft will try to beat Sony to market. But they have not announced anything as of yet.