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That is right, Diablo 3 is going to be on the PS4, and this is going to be the smoothest, easiest to play Diablo created.
Blizzard's Senior VP of Story and Franchise development Chris Metzen took the stage near the end of the conference to break the news to us. After taking the stage he let us all know that "Blizzard and Sony have entered into a strategic partnership, through which we will take over the world."
Four player co op mode, and that this is going to be on the PS3 and PS4 is all we know right now, but this new partnership between Blizzard and Sony is truly going to "Take over the world".
~ Source