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Realistically, is there any way that they could perhaps make a peripheral that would turn an old PS4 into a PS4.5, so you wouldn't have to buy a completely new system? Something akin to a Sega 32X? Of course, they could have a PS4.5 that is a standalone.

I can't see this being a good idea in the slightest unless that is a possibility. There will be 50 million PS4s at least out on the market when this comes out and people are going to be pissed off.