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Chazore said:

They've been going with a pro series since last gen (and slim versions since PS1), why stop now?.

I could as easily say that they've only done a Pro series one generation out of four, so why assume they'll do so again?  I think it comes down to why they did it last time, and whether those conditions also apply to this gen.  There are those that (persuasively, IMO) argue that the "Pro" consoles last gen were due to the explosion of 4K TVs, and the Xbox One and PS4 being woefully inadequate for driving 4K at good framerates and high levels of detail.

A generation later and vastly more powerful systems, and (except for a few enterprising indie games) still targeting a maximum of 4K, and 8K screens are a long ways off from becoming mainstream.  So that's an argument against Pro consoles.

Microsoft is saying that economics are too, and they're anticipating prices won't drop fast enough this gen to make pro consoles make sense.  That's the entire reason they created the Series S, in fact.