Sony posted on their blog all the information you need to know about watching their press conference for E3 this year which of course will feature Bungie's Destiny presentation! Also apparently they are letting people come to the press conference first come first serve. Glad I don't live out there or I would probably spend most of this upcoming weekend uncomfortable :-D

Here's the details about the streaming for the lazy:

You’ll find the livestream right here on PlayStation.Blog, PlayStation.com, Ustream, a full-fledged virtual E3 booth complete with livestream in PlayStation Home, Facebook, and Google Plus. You’ll be able to watch E3 live directly on your PS3, too — look for the icon under your XMB’s What’s New section. PS Vita’s Nico Nico video app is in on the action too, supporting a feed of our E3 livestream. And if you’ can’t make the livestream, fret not: We’ll be heaping the live segments into PlayStation’s YouTube page as quickly as possible for later viewing.