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Puppyroach said:
I wouldn't read too much into the rumors, it's most likely just a slim version of PS4 that can output 4K for media. I have a hard time thinking they would allow for an update that is similar to what New 3DS is to 3DS. If it's what some rumors has stated, it would be devastating and Sony won't risk that, not now.

Basically this.  They're probably going to want to use the PS4K to push 4K movies like they did for PS3 and Blu Ray.  They may have some extra horsepower used for the OS or something.  However, these kinds of upgrades have been tried since the NES and they've never worked, so I don't see Sony trying it.