Sony begins its conference with a montage of a wide variety of titles, including Buzz, Resident Evil 5, and LittleBigPlanet. The video fades to the PlayStation logo as Jack Tretton takes the floor.

“This is the most stressful event you can ever imagine. But I’m more than happy to sacrifice my health,” says Tretton, “if you leave here a little more entertained and informed”.

A little history on the venue and Tretton begins to get into it saying, “2008 is the year of the PS3”. But before we get to this year, Tretton brings us back to the original PlayStation, reminding us that two years into the life of the PSOne Crash Bandicoot and Tekken were there, but huge titles like Tony Hawk and Gran Turismo weren’t there yet. He reminds that is was the same way for the PS2, and that this is part of Sony’s ten-year vision for each of their consoles.

He shows much reverence to the hardware, particularly to Blu-Ray and its recent success over HD-DVD in the format wars. The PS3 has “something for everyone,” says Tretton, citing the console’s deep feature set.

“We’re here to talk about genre-defining kick-ass games,” Tretton then says, saying that this year will be the year of software. He cites the importance of exclusive content, remarking on the success of Metal Gear Solid 4.

PS3 has more exclusives than any other console, Tretton says, adding, “Today we have what no other company has: three successful platforms in the market at once.”

The focus first goes to (or rather, stays on) PlayStation 3, with a look at Resistance 2. A battle with a massive alien beast is shown, with soldiers shooting rockets at it from the rooftops.

Resistance is described in detail by Ted Price, and after a speech on the single-player campaign he gets into the multiplayer experience, which can only be described with one word: scale. He reiterated the game’s eight-player co-op and 60+ player multiplayer options.

“Resistance 2 offers more than any other shooter in 2008,” he says, before showing a new game trailer.

Tretton returns to take about user-created content, which naturally leads into a discussion of LittleBigPlanet. He bring Media Molecule head Alex Evans to the stage to show off a level that was created just for the conference. The level is, for the most part, a statistics PowerPoint presentation presented in the LittleBigPlanet world.

Also presented in-game is the new PS3 Greatest Hits Lineup, all at $29.99 in the US: Resistance, Warhawk, Motorstorm, Call of Duty 3, Fight Night Round 3, Need for Speed: Carbon, Rainbow Six: Vegas, Assassin’s Creed, The Elder Scrolls: Oblivion and Ninja Gaiden Sigma.

LittleBigPlanet is scheduled for October 2008.

Tretton moves on to PlayStation 2. “This has always been a platform for the biggest games and the most popular titles and in 2008, we’re introducing over 130 titles to PlayStation 2.” A video package is presented on some of these games, all previously announced. Tretton then announces a $149.99 new PS2 bundle that will be available this fall, featuring the LEGO Batman game and a copy of Justice League: New Frontier on DVD.

Buzz is mentioned, and it’s said that Buzz will be on PSP this year. PS3’s Buzz will also have downloadable question packs.

PlayStation Network is next up for discussion. PSN will be rolled out so it can be used whether a PlayStation product is owned by the user or not—it will be available for PC.

“Now what’s an E3 press conference without a few surprises?”

Tretton announces the PSN title Ratchet & Clank: Quest for Booty. According to the video package, it’s a shorter game at a lower price, but has everything you’d expect from a Ratchet & Clank Future title. Quest for Booty will be a more puzzle-oriented Ratchet experience, using physics and light in a variety of challenges. Tretton touts its exclusivity and $14.99 price point.

Tretton says Sony has no interest in filling PSN with games no one wants to play just so they can have the most games. A PSN lineup video package is then played, featuring titles including Crash Command, Fat Princess, Pixeljunk Eden, Fl0wer, Siren: Blood Curse, and previously unannounced Rag Doll Kung Fu: Fists of Plastic.

A quick jump is made to GT TV, before Tretton brings up Home. He assures the audience that Home will be worth the wait, before showing a video package that shows how the software has evolved graphically.

Tretton brings out Eric Lempel to show off the PSN video store, which now has a huge number of studios involved including Fox, Warner, Disney, and MGM. Videos will be available for rental and purchase, and will be usable on PSP and PS3 at the same time. Copies to the PSP from the PS3 will be easily made via USB cable, but movies can be copied to the PSP from the PC as well. He announces that the video store will be available "tonight".

This flows into a PSP-specific presentation. A new PSP pack is announced, targeted to a younger demographic: it will contain Ratchet & Clank: Size Matters, an Echochrome PSN voucher, a UMD copy of National Treasure 2: Book of Secrets, and a 1GB Memory Stick Pro Duo.

Tretton then reveals a brand new PSP game—Resistance: Retribution. A video package shows it to be a third-person shooter that will be available in Spring 2009. The package then continues with footage of LocoRoco 2, Super Stardust Portable, Patapon 2, and a PSP version of upcoming Sega PS3 title Valkyria Chronicles.

“It’s not just a nice handheld device,” says Tretton of the PSP. “This is every bit the hybrid device that we’ve always imagined.” He brings up the PSP’s new video functionality that’s coming via the video store.

Moving back to PS3, Tretton announces Life With PlayStation, a data service that will be available for the console by the end of the month. It will provide, among other services, news and weather.

To discuss DC Universe Online, Jack Tretton introduces comic book industry legend Jim Lee. He is “literally pumped to be here today,” revealing that he has been working on the MMO’s world for the last three years. A trailer showing many of DC’s most popular heroes and villains is showcased.

Tretton now talks about new hardware offerings. He announces an 80GB core pack, which will come with the same functionality as the current 40GB PS3 but with twice the capacity and the same $399.99 price point. The pack will be available in September.

Another video package is played showcasing third party developer’s dedication to PS3.

But now Tretton wants to actualize the fact that 2008 is the year of the PlayStation 3, and so begins another video package showing LittleBigPlanet, MotorStorm: Pacific Right, Metal Gear Solid 4, 007: Quantum of Solace, SOCOM: Confrontation, Ghostbusters, Soul Calibur IV, Resistance 2, and The Agency, among others. Killzone 2 is included in the package as well.

Beyond this holiday season, Tretton announces God of War III, and plays the first trailer. This is immediately followed by a new trailer for Sucker Punch's Infamous.

Tretton wants to talk about one more title, a massively multiplayer action title that's "not even remotely possible anywhere else," just on PS3.

He introduces Andy Beaudoin from Zipper Interactive to announce MAG, a new IP that stands for "Massive Action Game". It's a "sweeping battle experience" in which small squads battle in up to 256-player games. The game will also feature character growth through a tree of enhancements. A trailer shows the game taking place on what looks like a modern-day styled battlefied.

Tretton concludes the conference by saying that, "if this is what year two of the PlayStation 3 life cycle looks like, imagine years three and beyond."