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I read in an article several months ago ( I can't find it now) that Andrew House said that the PS5 will happen, but Sony is waiting for 4K TV ownership to reach the appropriate levels. As of now, only a very small population of gamers own 4K TV's. The PS5 will absolutely NOT come out before 2021. The PS4 is still selling incredibly well, releasing the PS5 before those sales stifle or fall off would be a disaster for Sony. Not to mention they're probably only starting on devising design plans in terms of hardware and chassis for the PS5 or will in 2018. Hopefully they can get 16GB of RAM with 8 Teraflops in the PS5, though it'll probably be 12GB of RAM like the One X.