As most people already pointed out, if this is like the New 3DS, then no, it won't kill the PS4 momentum. However any other approach to it will kill it.
It's true that being a CISC architecture makes it a lot easier to be backwards compatible, but this doesn't have to be the primary concern in this issue. The matter of price, size and power consumption should be always first when a company develops a new product.
With AMD's Zen being a 14nm chip, a new Sony console with a much higher performance, lower production cost and lower power consumption is very much possible.
Question is, will this be a better solution than releasing a possible PS5 as an even better product say, in 2019?
Sony may do this do try to "kill the competition" and win the generation, but is it at all necessary? Sony already won this generation and if they play their cards right, they can win the next one with ease too.
One wrong step and it could also mean the loss of thousands of costumers and also developers.
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