This!

Minimum requirements for PSVR are less than half that of OR (1920x1080x60 vs 2560x1200x90) plus John Carmack stated consoles can get get twice the efficiency out of the hardware. You also need a lot less fidelity in VR games, they will be intense enough already and since the same resolution is spread over a much wider fov lod settings and draw distance can be much lower. So I'm really not worried about PSVR not being able to deliver.

It's funny though, at end of last gen the graphics were good enough and we didn't really need new consoles. Today Uncharted 4 is apparently already outdated and it's time for an upgrade. Where does all this insecurity come from.

I totally agree.

You last point made me think, there's always been this divide, these are "gaming" machines, but there's always this push for realism, where somehow graphics dictate how good a game is. A good "GAME" is hopefully fun, you have a good time while playing it.

 This is the Dungeons and Dragons I grew up playing... lol 

If the ps4 had to run just cell shaded basic graphics to run psvr well, I'd be happy, but games like RIGS prove the ps4 is QUITE capable of running modern 3d graphics while tracking head movements , 2 motion controllers, AND produce a second video image, plus handle 3 other controllers. 

 Honestly I think the ps4 has a ton if life left in it, 2 years easy if Nintendo's new console doesn't overpower it, and if Microsoft doesn't release another console the life could be even longer.

4K is definitely the future but there's not enough 4K TV sets out there yet, and 4K capable PC gaming rigs cost around $2000, unless AMD is willing to drop a custom generational leap processor in Sony's lap on the cheap, a REAL 4K gaming console is NOT releasing BEFORE October of 2017. 

The fact big name media outlets are running with a ridiculous rumor is sad.

 What good that come from this bs rumor, no good for sony but for the competition it's great, this rumor hurts sonys ps4 sales and psvr sales as people are now scared to pull the trigger, who could possibly be behind such underhanded move? Lol

I'd love to see NYT and Forbes stock portfolio when they spread bull like this it should be required to know how vested they are in these companies. Literally Forbes used the other two rumors article and tried to substantiate their article saying it must be true because others published it, journalism has become an utter joke.

 A good 80% of the responses to this thread are troll responses.  Anyone who thinks consoles should be on a 3 year refresh cycle doesn't understand the console business.

 All these bs posts that the ps4 vr can't keep up and needs more power to compete with occulus, have any of you actually tried the psvr? Firstly it doesn't need to complete with occulus, second the psvr works quite fine with the current ps4.

 All these crying posts about how this generation of console has underwhelmed, guys wipe the sleep from your eyes, go back a generation and tell me this gen isn't better.

 Mark my words, ps4k will have no improvement to gaming besides 4k video media output, 4k bluray support...

Really? if this becomes a trend in consoles I would do the opposite, it breaks one of the key benefits of the console model around fixed hardware raising dev costs and consumer costs. I currently game on both consoles and PC's but if this happens across the board I think it would be the death blow to consoles and better to just ditch consoles all together.