Wall Street Journal has now chimed in but it's unlcear whether they're just going with the rumours or they have a source of their own. I question the fact it's suposedly coming this year to be honest:
Sony Corp. is planning to sell a more powerful version of its PlayStation 4 machine to handle higher-end gaming experiences, including virtual reality, people familiar with the matter said, while continuing production of its existing console that has so far sold more than 36 million units world-wide.
Existing PlayStation 4 owners would need to buy the new model to take full advantage of the enhanced graphics and power, though it is likely that the current model and the coming one would share the same software catalog, one of the people said.
The new console would be announced before the planned October release of the PlayStation VR, Sony’s new virtual-reality headset, the people said. It would be able to handle ultra-high-definition resolution graphics. The upgraded console would also provide more power for running the PlayStation VR, whose main competitors, Facebook Inc.’s Oculus Rift and HTC Corp.’s Vive, are designed to work with top-shelf computers.
The PS5 Exists.
