Grammaer classes would help. It's "Sooner THAN later" not "then." I fixed it for you.
Also, Gamesindustry.biz is retarded. They clearly cannot read the slide that Sony was showing. If you take a look at it, it marks the unveiling of the PS3 at the end of FY2004. That's FISCAR YEAR, not calander year. This would place it some time around March 2005, not December 2004. It's amazing how retarded people can be sometimes.
Edit: Also, this belong in Other Systems.