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This rumour is false, several things gave it away. Like Sony mandating 60 fps and they going with a completely new hardware architecture.

But we already got some insider information about ps5 from a dude named Matt, he's a verified insider on resetera and he made several posts about ps5 on resetera and neogaf before that site went down the tubes. I'll give a summary what he has said. Matt was deliberately vague about his ps5 posts so this is just how I interpreted it.

 

It will NOT have a Jaguar cpu (this likely means a ryzen cpu)

Expect a 10-12 TF gpu (this doesn't mean we might get slightly lower or higher TF)

16-20 GB of ram (this must either mean 16 gb of Gddr 6 OR 16 gb Gddr6 + some ddr ram)

It will be fully backwards compatible with ps4 and the ps4 games will see improvements.

499$ launch price is possible.

2019-2020 release date (sounded like 2019 to me)

 

Now we might not believe the insider information we got but insider information was proven correct on november NDP where an insider said ps4 will win and it happen, same thing about dec NDP and Jan NDP. I was hoping for a Zen cpu + nvidia gpu for ps5 but gave up on that idea after I saw this insider information.



6x master league achiever in starcraft2

Beaten Sigrun on God of war mode

Beaten DOOM ultra-nightmare with NO endless ammo-rune, 2x super shotgun and no decoys on ps4 pro.

1-0 against Grubby in Wc3 frozen throne ladder!!