Engadget reports about this new MMO from Sony that will be a free download for all Playstation 3 owners when the game launches this fall. A large scale Beta will begin in April…so be on the look out.

The concept behind “Home” is very similar to Second Life, although it does not look like you will be able to own property or build things in the world (yet, at least). Eventually there will be a virtual cinema in Home, as well as mini-games and “dynamic advertising” that fanboys around the world are sure to be griping about.

Take a look at the trailer to get an idea of what Home will look like:

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