PlayStation "Home" is as a virtual world that allows PS3 gamers to create their own life basically from Apartments to clothes and chat via VoIP
Sony describes Home as a 3D social gaming community that allows PS3 users to meet, chat, plan, and launch into games together.
"You can create your own custom avatar, decorate your personal apartment, play mini-games, shop, watch videos, attend special events, and much more,"
Sony promised to update the environment on a regular basis with new games, additional licensing partners and live events such as a New Year countdown and Christmas.