Sony plans to release its new PlayStation 4 home console this year for around $430, giving the successor to the popular PS3 a touch panel control and easy access to social networking sites such as Twitter and Facebook, Japans Asahi newspaper reported. Sonys game chief, Andrew House, will reveal the new features at a PlayStation meeting in New York on February 20, the paper said, without saying where it obtained the information. Sony declined to comment on the report. It has been more than six years since Sony launched the PS3, a longer gap than between the PS3 and its PS2 predecessor. The gaming market has since been transformed by the rise of tablet PCs and smartphones that are wooing away casual gamers with free or cheap games.