From what we know so far, the PS4 version will be missing the Gold Fan and Softening Gel features from the previous version of the game. What do these features do, well I'm glad you asked. The Softening Gel increases the jiggleness of the your characters boobs. The Gold Fan lets you blow the hair or skirts of a character which could lead to the skirt being flipped up. This is what we know so far as differences between the 2 versions of the game, rest will probably need to be found when the game releases. Crazy to believe that Sony is now the one censoring games, though to be fair, Nintendo hasn't censored a game in like 20 or 30 years. Most of the stuff they did censor was just there own content.
For more info on the difference between the versions, click here