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No. I think the target demographic is slightly different for Scorpio because it'll be a "premium console for a premium price".
If PS4 and PS4 Pro are $50 cheaper by the time Scorpio launches for $500+, it'll be very interesting to see what kind of demand there is for something like Scorpio.

Also, by releasing Pro in 2016, there's more leeway for gap in power to PS5.