An industry source familiar with the new system tells us the photo is the real deal. But bear in mind, it may not represent the final form of the controller. Curiously, it seems to not include a "Share" button, despite that button being described in official Orbis documentation that was shared with us a few weeks ago. I've contacted Sony to see if this is real, and will update if I hear back.
I know the controller is clearly a prototype, but I... actually kind of like it. It seems very functional without anything superfluous. Sure this is mostly down to it being a devkit prototype so functionality is top priority - but I think it looks like it would be comfortable.
Looks like the blue light is a sort of PSMove style indicator.
There seems to be a headphone jack in the bottom which would be used if you don't want to use what looks like a speaker, or could also plug in wired headsets a la the 360.
I'm glad the sticks are symmetrical still. My hands are, so why shouldn't the sticks be? You get a much better range of motion with a lower stick, due to the fact you don't have to raise your thumb up an extra couple centimetres, which is a couple centimetres lost. They seem to have reached a good compromise for both parties that like concave and convex sticks. Vita style D-Pad is good too, hope that stays past the prototype.
Looks like start and select remain, sitting either side of the touch pad. Which I'm interested to see it's implementation. The few times I played the WiiU (don't own one, still no games grabbed me yet) - I found myself never looking at the screen unless I really have to. So a touch pad seems more logical - you can input the same gestures without taking your eyes off what's happening.
It also looks like it's a little bigger and more rounded which has been a big complaint for a lot of people.
So yeah, I quite like it so far. Sure it could do with some dolling up, and I totally see the Mad Catz thing - but it seems like a really solid controller without any bullshit with everything seeming like useful and sensible additions.
Is it really that bulky though? If you look, you can only see the actual thickness from the top. It could very well be just real estate for the (rumored) improved trigger set, just hanging over to form a ledge...like the one on the back of the WiiU pad. The rest of the controller is probably regular size. That would be awesome...