To make the change from xxxSniperJoe420xxx to "MyWifeIsMyLife2012" you'll merely need to head to the settings menu or profile section of the PS4.
Users will get one free name change, but subsequent name changes will cost $9.99 per (or $4.99 for PlayStation Plus members).
That's it! There's going to be a preview program for registered PlayStation testers during which all name changing will be free.
When you change your online ID, you will have the option to display your previous ID with your new ID, so your friends can recognize you.
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Other remarks made by PS execs over the years have led us to believe the change might be hard because certain PSN assets are tied to user names.
Another caveat is that the new feature won't be compatible with all games. Sony says the feature is "only compatible with PS4 games originally published after April 2018". To fix any problems that arise, Sony will allow users to change back and forth between their original and new ID at any time. Whether you decide to display your old ID or not, you will not be able to reverse the decision after completing the PSN ID change process. In addition, when this feature officially launches, a list of compatible games published before April 1, 2018, will be provided on PlayStation.com for reference before you make a change.
You'll have the option to revert to your old name if you do have issues, but Shuman's exact words are that this will solve most issues. Reverting back to an old ID will resolve most issues caused by the ID change.
The beta for PS name changes is "scheduled to conclude at the end of November 2018" and all PS4 owners will be able to change their names, if all goes well, in early 2019.