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KBG29 said:
Still think people need to stop looking at PS4 as a console and start seeing it as an OS. The 4th generation PlayStation OS is very likely going to span over more than just the PS4 and PS4 Pro. I would not be surprised to see a PS4 Spec 3 that is slightly more porwerful than the PS4 Pro (maybe 8TF in 2018 with 12GB GDDR5) with PSVR tech and ports built in, and some form of Portable or mobile device as well. We may not see the PS5 OS and Hardware line for quite a while. My best guess for when we can see a true generational leap in CPU/GPU/RAM/Storage is 2022 - 2024.

PS4 and PS5 will most likely co-exist meaning PS5 could release in 2019/2020 while the PS4 is still selling until around 2022-2024. This all depends on sales of the PS4. Sales this year were down YOY even with the launch of the Slim and PRO. I'm not saying PS4's best years are behind it I'm just pointing out that PRO obviously didn't invigorate the sales enough to justify the thought that another upgrade is going to postpone the inevitable launch of the PS5.

I could see Sony releasing another Slim/PRO-II in 2018 or so but the PS5 will be the big leap in 2019 or 2020.