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The more I think of this the more I think it's not really happening. PS4k is really going to be nothing more than a new SKU that while all round better than the current PS4, will be no different.

First off, forget about 4k games.... that is simply not going to happen even with a x2 increase in power. A machine basically needs to push x4 more pixels if making the jump from 1080p to 4k.

What I think will happen will be a new SKU that comes standard with HDMI 2.0 to support 4k movies as most have said, 1TB standard HDD and everything that is in the VR breakout box built in as standard. So basically a VR complete console that only needs the Headset and camera to work. It would cost Sony to integrate VR hardware into the MB inside a PS4 less than it would making two separate boxes.

As for the NX being more powerful thing and Sony likely to try and one up them? all they have to do is drop the price of the PS4. Being 30% more powerful will make very little difference when the PS4 is already pushing 1080p@30fps.

We could all be wrong though. About everything.