PlayStation 4 will not have native PS3 backwards compatibility

During today's PlayStation event Gaikai's Dave Perry revealed that the PlayStation 4 will not natively support PlayStation 3 games, and that Sony's next-gen console will instead stream PS1, PS2 and PS3 games from the cloud -- something that the company has already confirmed on Twitter.

Check out our liveblog of Sony's event to get the latest news as it happens.