I'm betting it all has to do with VR. The ps4 VR runs at 1920x1080 resolution but it's split between two eyes. If you want a decent VR experience, that resolution is a bit on the low side. Of course the ps4.5 won't run all games at 4k resolution but I'm guessing it will be able to run the VR games at 1920x1080 per eye.
A lot of people will probably not care about VR and I was a bit skeptical about it myself. However, after trying the Gear VR on my Samsung S7 I completely changed my mind. Even on a phone something like Dreadhalls is the scariest experience I ever had while playing a video game and it's freakin awesome! It's no wonder that Sony wants to compete with the Oculus Rift and Vive who both run at a much higher resolution than the normal PS4 VR.
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