Related info from a meeting we had yesterday was waiting for it to be approved before posting.

Price is currently $399.99 they were discussing a better CPU which would raise the price to $499.99 we were guaranteed the price will be no higher than $499.99 (He mentioned the CPU upgrade quite a bit almost as if they haven't really decided on a final spec could be a pricing issue.) also there is currently no plan for any type of trade in program for current PS4 users but that could change.

They stated that the GPU is twice as powerful as standard PS4 and much faster. They did not say exactly how fast but that is was running at a higher clock speed while being much smaller than the original.

It will have a 4k blu ray player and will upscale games that are not natively 4k.

Also there was talk of some sort of VR lounge for the media player app which is supposed to be getting a substantial upgrade.

It was stated plainly and with no room for interpretation that there are developers that already have development kits for the PS4K and that they are making games that will directly target and take advantage of the higher specs of the PS4K. It was also stated that these games will in fact work for the PS4 but with considerable sacrifices made to performance.

It was also made very clear that current games would not be getting any type of performance upgrades by being played on the system and any benefits to older games would come via patch per game and per developer. When asked if this was going to happen the response was "Its a possibility but doubtful with the exception of a handful of games."
We were also given a list of games that will be available at launch that will directly take advantage of the PS4K where the differences are and I will quote him "Significant."

For the PSVR

Eve Valkyrie
Robinson
GT Sport

For the PS4K

Deep Down (Thought this was dead)
GOW4 (This was the exact abbreviation on the sheet I can only assume its god of war 4)

There were more games on the list but these are the ones that stood out to me.

That's all I can remember off the top of my head I'll see if I can get any more information.

Source: http://www.neogaf.com/forum/showthread.php?t=1202462

Update 1: placeholder date is late Q1 2017 according to the same leaker: http://www.neogaf.com/forum/showpost.php?p=199662492&postcount=2766

Day 1

"Double the GPU power"

I mean, I have a hard time believing it. I guess since the PS4 is x86 it might be easier to do something like that but eh... I don't know...

To be honest though, I don't really care about this from a consumer perspective *as long as it doesn't get exclusive games*. I'm more concerned from an investor perspective, in case this damages Sony's profitability, which again impacts my shares :-3

Too early imo. Only 3 years in.

That has to be fake. SSM is currently hiring a ton of people for their AAA team. No way they're almost done GOW4.

Also, a CPU and GPU twice as powerful as the PS4? You're looking at a $500 console minimum.

Oh, and a 4K blu ray player? Make that $600. Since a 4K blu ray player is already pretty much the price of a PS4.

Twice the GPU power is not enough to run games at 4K.

Unless they offer to take our current PS4 and buy the new one for not more than 100 euros, they could go fuck themselves if that's true.

Thanks, it's always valuable to hear insight straight from the shareholder...

I dunno what to feel about this. I won't sell my PS4 for it since I don't have a 4K screen, and I doubt the friends I play with the most will switch consoles. All I can say is that it doesn't seem like a wise choice. The most important games won't be released exclusively for the PS4K, since limiting it to one console will not help the game and the developers. And the lack of 4K exclusives that take advantage of the enhancements won't be enough to sell the console. Unless they plan to market the PS4K as a console and a media center with enhanced capabilities. But that's just me.

As long as all games are playable on the original model I don't have any concerns. But there is no way I am buying an upgraded system even if most new games are only playable on PS4K.