Nostalgia is a near-endless mining source in gaming. Many companies often dig into their past and remaster or re-release whatever might bring back your childhood memories. Sony might be attempting to do just that, as they are internally considering making a PLAYSTATION CLASSIC, according to a recent interview.
Speaking with Mantan Web (and translated by ComicBook), Sony Interactive Entertainment President and CEO John Kodera (also known as Tsuyoshi) described the company's attitude towards making a PS1 packed with old games. He stated that the company was mulling over the idea of making a PLAYSTATION CLASSIC. However, he seemed to suggest that the company was only discussing the possibility.
"Our company is always digging up past assets," said Kodera in the translation. "I think there are various ways to do (a classic console). There have been discussions happening (within the company) on what kind of ways are there."
http://www.gamerevolution.com/news/390903-playstation-classic-being-internally-considered-at-sony
The PS5 Exists.