The new patent expands on the combination of wand and camera demonstrated at E3. Now, instead of simply recognizing and identifying that controller, it looks like Sony’s camera will be able to “read” any real-world item, coffee mugs to… is that a magnet? A 2D horseshoe? A giant wooden letter U? Whatever it is, the EyeToy will apparently be able to read it.

Used well, this could really opening up gaming to all sorts of experiences on a level heretofore unseen, edutainment games aside. It’s certainly something to keep an eye on!

[Siliconera via PS3Blog]

The giant microphone apparently does have a purpose, however, with multiple elements to help filter out unwanted background noise. The camera features a rather ordinary 640×480 resolution (at 60 fps), but a crazy 120fps at 320×240 resolution. It’s also got a dual position lens for both long-distance and closeup shots, and is said to work well even in low light conditions.

Pricing hasn’t yet been announced, nor have any launch games, other than an odd card game called The Eye of Judgment, which is targeted to the Japanese market. The camera will also include Sony’s EyeCreate software which will let you record and embellish photos, videos and audio clips.

Look for the PlayStation Eye camera to hit stores this Summer.

[Press Release]