The PlayStation 4 is apparently sold out at all retailers, according to an IGN report for a recent closed door PlayStation Summit. Despite this, there is a constant and regular supply happening to avoid shortages.

SCE America marketing head John Koller also stated that, “This is a story of engagement. When demand outstrips supply, the promise of what’s to come is really critical.” Other figures revealed include 34 million hours of collective play time per week for users, 50 million hours of general usage, 48 million screenshots and videos shared thus far, 1.7 million hours of Twitch and Ustream video sharing, and about 90 percent of all consoles already being Internet-ready.

It was also announced at the Summit – and later confirmed on the official PlayStation Twitter that more than 100 games will be releasing for the console this year. We assume this includes both third and first party titles (naturally) but there’s already been plenty of indication that Sony will be dropping news on new exclusives soon. Stay tuned for more details.

One of the more interesting questions was regarding the reaction at the office after the outcry at E3. This was when Microsoft announced the price of its Xbox One to be $499, and still very much having its DRM intact. However, as the dev iterates, “It was quite moot. One of our execs had mentioned a Sony dev came up to him at E3 and told him you won the games, we won the gamers.”

As our Microsoft E3 2013 review indicates, Xbox One indeed had many games on the show but it was overshadowed by Jack Tretton’s epic 2 minute speech about DRM. You can check the speech below.

The developer also revealed some other details, including the Snapping for the Xbox One interface which allows one to use multiple applications at once, with each taking up a small amount of space on one’s screen. “Snapping is only available to certain apps such as IE, Skype, the game DVR upload tool, etc. Game titles cannot be snapped. I have not tried TV input but I did hook up a PC to the Xbox and watched netflix while I skyped someone.”

It was also confirmed that, with regards to running a game like Killer Instinct alongside IE, that, “AAA titles cannot be snapped (shown in smaller view). IE can however be snapped to look up how to perform a combination while you play.”

Yesterday we had reported how the developer thinks that Kinect is essential to the Xbox One experience. You can read that story here.

Currently, the Xbox One is scheduled to release this November.