Lol,  i haven't read this line of "Playstation, and Xbox, can replace 99% of the pc in Households" Wtf, Microsoft, sells more than 250-300 Millions of Computers with Windows per year, Apple, sells atleast 30 Millions of Mac per year, is like the Consoles selling 2 Times more than the Playstation 2 did, and sell it Every year.

Thank you.  Also, folks are really gullible and don't pay attention to past news.  Sony said it would look into enabling 4k Streaming on an updated SKU.  That is all this could actually be. 

This isn't real. 

Generations last a decade? No. Just no.

Please go ahead and tell me how many of today's current iPhone games are compatible with say, the iPhone 3G? Ohh right. Approixmately 0 of any of the even quasi-demanding games modern games. The iPhone 3G is only 5 years old, and is practically obsolete. Even the 4 and 4s are seeing most modern games pass them by. So by "at their leisure" you actually mean "at a faster rate than they currently buy consoles", which is 5-8 years for most console buyers. Need I mention most of these people buy these phones on contracts which has them spending upfront $100-$200 at most every 2-3 years. If they didn't have the option of incorporating the cost of the phone into their monthly payment, most people would have their phones for much, much longer.  This whole system *only* works because cell phone service providers eat the cost of the phones up front.

Take that away and the entire cellphone market is a completely different situation. Consoles don't have that, and won't have that.

On top of this, MS already tried to get around this by selling Xbox 360s to consumers for a monthly fee on a contract. The program failed miserably.

"Our sources aren’t sure when this upgraded machine will ship to consumers, nor how much it will cost. The PS4’s price dropped from $400 to $350 last fall, and one source indicated that this new ‘PS4.5’ could let Sony keep selling PS4 hardware at a higher profit margin for $400."

Does anyone really believe that a PS4 with a 4k capable graphics card would be $400 and still generate profit?

This is total bullshit from Kotaku. This has been posted to try and get as many click on their site before it gets shut down.

Expect more lies in the next few weeks so they can get as much ad revenue before hulk hogan shuts them down.

Maybe Sony, has found the Philosophical Stone, and now can make unlimited material for free, this would be a good  possibility for why they would make profit selling it for 400US$.

This better be true because if not PSVR will definetely be another kinect/ps move (a failure) with only simple games, and tech demos.

But this is flat out wrong. PSVR already has complex games. Like seriously what kind of thought pattern creates bullshit statements like these?

Kotaku never post false rumors.
If it s on their site, it s solid.

Btw, in your post you say 4k is twice the pixel count of 1080p. It s not, 2 times the count horizontally, and two times vertically. Which means 4times the count in total