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Kyuu said:

What specs can we expect from PS5 if it launches at the end of 2021 and is priced at $499?

While that price point might be risky, I think Sony could take that route now that Nintendo and possibly Microsoft are doing their own thing with the Nintendo going hybrid, and Xbox mini-PC (Unless MS surprises me and stick to traditional consoles)

And how likely is it that a higher end model launches simultaneously with base PS5 for those who want more resolution?

Here's what I think we would be getting.... and all of these would be on a 7nm/10nm node.

- 8 core ryzen 7 equivalent CPU@3.0ghz
- 72 - 80CU GPU@1.2Ghz+ capable of about 12TF+ (PS4 is 18CU and PS4pro is 36CU) 
- PCIe M.2 based SSD 2000MB/s+ transfer speeds and probbaly only 1TB of it, maybe even less.
- 16GB of at least HBM2 or higher allowing memory bandwith in excess of 500GB/s
- 4GB of LPDDR4 ram reserved for the OS. 

And I believe they will target a $399 price point. As for releasing two models simultaneously..... that would just be a disastrous mistake. As weird as it may seem, and that situation the more expensive more powerful SKU will always be considere as the primary model. The reason that isn't the case with the PS4pro is because by the time it released there were already over 40M base PS4s in the market.