In the future yes, but not near future...........................there will be a ps5.

WTF??? No sony's biggets markets are US, UK japana like everyone else..............

idk how psnow will stream as it is. Its iffy at best, with not so great internet on top of that. I have little interest in a streaming only device. This might be the last gen I participate in if thats the case, back to mainly the PC again.

There might be a PS5, but it will be a niche product for the hardcore gamers. It will be the same sized group that buy high end PC's for gaming. A vocal group, but not very big. If there was a PS5, it would be expensive and sell in the 15 million range at best.

15 million might sound bad, but if they make it like the PS4, with basically off the shelf parts. That would keep the development cost very low. If you can sell 15 million of a low development cost item, there is good money to be made. It would still continue the branding and cultural influence even with that few sales. It would actually help the streaming service...

We are a long way of from the scenerio, easily a decade in not two.

Look at TV, they are showing oled 4ks, and 4k 5k even 8ks sets..... yet the sports broadcast in watching is 1080i.... not even 108op

PSNow wil be at the forfron of tech, but ill take many many years before m,ajority of the world catchs up to it.

4K streaming is already a thing in motion

http://abcnews.go.com/Technology/wireStory/netflix-work-buyers-4k-tvs-21481371
http://www.theverge.com/2014/1/6/5280360/samsung-announces-4k-streaming-deal-with-amazon-netflix

And don't underestimate the tablet market. With Nvidia Tegra K1 you already have a chip that runs Unreal Engine 4 right now. By the time PS5 is due, it might be redundant to launch so unless they've got a hook a la Wii.

With the current infrastructure of the US and UK (bandwidth caps, traffic shaping, peering issues at peak hours, prevalence of copper wires), streaming-only + genuine HD is impossible.

I am not implying that the PSnow service iwill be the answer or the only answer anyway.  My thoughts head more to the eventual scenario where most people have powerful enough devices in their home that we don't really need a stand alone gaming system.  I have run a few different threads over the last few months regarding my theory.  Bottom line thought is that there could be a similar program to steam that is downloaded to a tablet or pc that runs the PS or Xbox  or Nintendo games.  Most of the latest tablets have the ability to stream their screens to televisions.  Just add the bluetooth controller of your choice and you have a gaming console.  Can this be done today?  Yes, but it would have to be PS360 games.  But 4-6 years from now it will be easy enough to play the PS4/XB1 games in that scenario.  The common response to my theory is that people will want more power and better games.  To that, I agree.  Thus that small percentage that "needs" the more powerful systems, they will buy full PCs or even the possible PS5. 

Most of the "average" game players are actually happy with the capabilities of the PS360.  A few years from now, they will be happy with the power of the PS4/XB1.  So, there won't be much need for the majority of the public to have bleeding edge gaming capability.

"It does make you wonder if we'll ever even see a PS5, however. If PS Now works as well as advertised, the next Sony console might just be a subscription and a controller."

it all depends on if psnow is successful. the ps5 probably will go into R&D very soon here regardless as a backup plan but if psnow takes off it and looks to be the bigger money maker that R&D could easily be scrapped.

that said, if i were being completely honest i still think there will be a ps5. in 5-6 years streaming could pick up as much as 30-50% of the market which still leaves a whole lot of market to sell to. investment will probably be lower and specs far less impressive of a jump though.

There probably will be a PS5 at some point because there simply isn't the infrastructure for streaming gameplay to be viable. I mean, seriously, streaming TV hasn't even been perfected yet. The trouble I get trying to get Netflix to just fucking load is ridiculous.

The main problem I have is that the concept of consoles is stupid. We don't have this with any other media, so why do we have it with video games. Proprietary media devices make so little sense, we don't let Universal Studios, Disney, and 20th Century Fox release three different DVD players which can play their films as well as "multiplatform" films from Dreamworks, Paramount Pictures, etc. See how daft that sounds... well that's exactly what we do with video games. Eventually publishers will realise the best way to sell games to the widest audience is by having a universal console, and it will become the norm, until then we have to endure the "console war"

PS: A note to all the smug PC gamers who intend to claim the PC "already is a universal console", no it's fucking not. You can't play InFamous, Lost Odyssey, Uncharted, Vanquish, Super Mario 3D World, Pokémon X/Y, Resonance Of Fate, Demon's Souls, Bayonetta and so many more... until PC suddenly gets every single game it's not the universal console. Oh, and don't say emulation, you and I both know you can't emulate a PS3 so don't lie and say you can; in order to do that you'd need thousands of pounds worth of computer and if you have that you may as well just buy a PS3, Mr. Moneybags.