Yes, Virginia, Santa can deliver PS4 for under $100 this gift season

With PlayStation TV less than a month away, many are wondering just what games will make it to the platform.

PlayStation TV, originally called the PlayStation Vita TV, will retail for just $99.99. It will be available on Oct. 14 and will have over 700 games for play at launch.

PlayStation TV will be able to play a number of PlayStation Vita games, which users can play either through downloading them or through inserting the game card into the console. Not only that, but the console will also reportedly be able to stream PlayStation 4 games through the use of Remote Play and a PS4 console already in the users home.

Furthermore, once Sony's game-streaming service PlayStation Now becomes available to PlayStation TV, users will be able to stream PlayStation 3 games straight to the console. A date for PlayStation Now to be available for PS TV has not yet been announced, although the service is in beta on PlayStation 3.

While 700 game titles will be available to PS TV upon launch, Sony says that more titles will continue to be added, including Minecraft, which was recently bought by Microsoft.

The PlayStation TV console will be available on Oct. 14 for $99, or $140 in a bundle that includes the console, a wireless DualShock 3 controller, an 8-GB memory card, and a copy of the Lego Movie Video Game.

The PlayStation TV console is expected by analysts to be part of a lineup that could eventually completely dominate the console gaming market. The release cycle has seen consoles from both Microsoft and Sony, with the Xbox One and the PlayStation 4, respectively. Sony's PlayStation 4 has a sizable lead in sales and with the holiday season around the corner it's possible that the console could pull even further ahead of Microsoft's console offering.

"Sony has the potential to make the game console market its exclusive territory," said Eiichi Katayama, a Bank of America/Merrill Lynch analyst.

While it is true that the PlayStation 4 has dominated the market in the short term, analysts suggest that this will only continue in the long term, for a number of reasons. Sony is clearly positioning itself for the future of gaming with services like PlayStation Now, which detaches AAA games from AAA hardware. A massive number of games are playable on smaller, cheaper consoles as long as they have an Internet connection.

Not only that, but Sony is also testing Project Morpheus, a virtual reality headset that will be a big competitor for the Oculus Rift. If gaming does move into the virtual reality space, Sony is poised to be at the forefront of it.

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