Sony hosting Project Morpheus event during Game Developers Conference

Sony has announced that it will be hosting a nearly four-hour event focusing on its PlayStation 4-based virtual reality headset Project Morpheus on Tuesday, March 3, during the Game Developers Conference in San Francisco. We'll be given hands-on demos of the system, along with an update on the company's plans for virtual reality.

Past that, details are scarce on what will be announced or shown.

PlayStation head of worldwide studios Shuhei Yoshida previously told Polygon the hardware wasn't quite ready for a retail release as of June 2014.

"We have a good system," Yoshida stated. "People enjoy the Morpheus demo, but it's not enough. It's coming close, but there isn't enough in terms of creating real experiences with a sense of presence.

"You really need to be able to feel that you are standing on the edge of a cliff. Tech-wise, there are a few things we want to include to really nail it from a hardware and system software standpoint."

You can watch my hands-on report from the device's premiere at last year's GDC, and we'll be at the event to try the latest version of the hardware.