A report is running at Independent News uncovering some general information on Sony speeding up development of Playstation 3 specifically targeted for online gaming. Sony has courted alliances with some of the technology industry's biggest hitters in an effort to "soundly beat whatever our rivals produce next''. IBM and Toshiba are jointly designing the central chip that will control the PlayStation 3 at a top-secret technology lab in Austin, Texas. The project, which aims to create the ultimate graphics and sound processor, is believed to cost around $1bn (£650m). Check out the full article via the above link.