Sony has made a massive announcement. We’ve expected some sort of video game streaming option to allow fans to play older games (instead of making their latest console, the PlayStation 4, backwards compatible) for some time now after the announcement that they had acquire streaming service Gaikai. Now the company has made things official, announcing PlayStation Now.

Details will surely be coming as time goes on, but for right now, here’s what we do know: they’re aiming very high. Basically, PS Now will offer gamers the ability to play previous generation PlayStation titles—PlayStation, PS2, and PS3—on not just their consoles, but on various platforms. In fact, you’ll eventually even have the option of using the service to play full PlayStation titles on non-Sony devices, such as your smartphone or tablet. Yikes.

Continue reading for more info, including a chunk of the press release Sony sent out, and top see a video of the announcement.