Toshiba announced that development for its next-gen multimedia processor, or 'CELL', chip is entering its final stages. Toshiba has been working on the chip since spring 2001, along with Sony and of course, IBM. The CELL is capable of handling both demanding graphics and high-bandwidth communication, and is expected to be the processor of choice for the PlayStation 3. Toshiba's president, Tadashi Okamura, assures us, "It will change the world."

