By Craig Donofrio NEW YORK ( MainStreet)--Both Sony's ( SNE)PlayStation 4 and Microsoft's ( MSFT)Xbox One have been revealed and will be released later this year. They both play games, sure, but there's more to them than that. These machines are gaming console milestones with the potential to be either your living room's cutting-edge multimedia cornerstone, or a traditional gaming powerhouse. The PlayStation 4 and Xbox One offer unique skillsets and different price points, so before you preorder one, you should know which one is best for you. Price The Xbox One is priced at $499, and the PlayStation 4 is set at $399. However, be prepared to shell out another $50 or more if you want access for either system's online perks and multiplayer services.