The Project Morpheus is expected to be released in the first half of 2016, but Sony’s head of worldwide studios Shuhei Yoshida has admitted the company “hasn’t decided” when it’ll be released.

“The hardware is on schedule,” Yoshida-san said during the GameSpot x Kinda Funny stream during E3 last week. “Lots of games are being created. Some we are showing will hit the launch date that we haven't decided as of yet. So it's going really well.”

Yoshida-san was also asked about the possible retail price of Project Morpheus, saying Sony’s aim is to go as low as possible. “We try to provide the hardware at the lowest possible cost so that more people can come in. And so that developers can make games on to create the market. So we'll have the same approach.”

We found that last bit particularly interesting considering when the PlayStation Vita was first introduced, the handheld was priced at $249.99 and aimed at early adopters. The price of the Vita was then dropped to $199.99, although its proprietary memory cards are still absurdly expensive. We would like to believe Yoshida-san’s statement on pricing for Project Morpheus, but we’re still a bit bitter about the Vita pricing, so we’ll just have to wait and see if Sony does price it “as low as possible.”

[Via GameSpot]