Will Sony really drop an enhanced console after three years?

PS4 5 NEO

Update: A new report from The Wall Street Journal claims that Sony has not one, but two new consoles coming in 2016. According to a Sony insider, the company plans to unveil both a PlayStation Neo and new PlayStation 4 Slim at the Tokyo Game Show on September 15, 2016.

We can only speculate the purpose of the PlayStation Slim, as the source doesn’t enumerate what features the system will have, but it’s fair to assume that like the Xbox One S it will likely not only have a smaller physical footprint, but possibly come with a 4K Ultra-HD Blu-ray player as well.

It’s official, the PS4.5, codenamed NEO, is coming. The news was confirmed by Sony executive Andrew House who also said that the console will play both games and video in 4K resolution and that it will be supported by “all or a very large majority of games.” It’s really happening.

Seven years passed between the release of the PlayStation 3 and PlayStation 4, and while the last generation ran a bit longer than usual, buying a game console typically means you’re set for at least a good few years. So why would Sony release an upgraded PS4 after just three years?

That’s the question that has a lot of PlayStation fans scratching their heads right now. However, Sony really does plan on launching a more powerful version of the console that can run games at 4K resolution and amp up the immersion forPlayStation VR experiences. Depending on which report you read, it’s being called the PlayStation 4.5 or PlayStation 4K, and Sony may be using “Neo” as a codename.

However, there’s some good news: this upgrade isn’t a replacement, but rather another option for gamers who want to spend the extra cash for an enhanced experience. Sony executive Andrew House has confirmed that the PlayStation 4.5 will exist alongside the common PS4, and all games going forward will work across both versions.