The PS4 Slim model is, simply put, a smaller PS4. It doesn’t perform any better or worse than the previous model, but does run cooler and quieter. It has a slightly improved controller, but the box itself doesn’t run any better. Don’t expect Xbox One S-style HDR and 4K blue-ray support. This is still a basic PS4 model with no internal upgrades over the previous iteration, and is not the upcoming PS4 Neo. It does not make games run better, or upscale them to 4K.
The PS4 Slim’s dimensions come in at 264 x 39 x 288mm, which is a considerable drop in size compared to the 275 x 53 x 305mm size of the standard model. It cuts around a third of the console’s height off, and solid few centimeters off it on each of the surrounding edges, which is nice for cramped entertainment centres.
More here: http://letsplayvideogames.com/2016/08/review-playstation-4-slim/
Unboxing:
The PS5 Exists.