The exact specifics and features of the console were not revealed, but House did state that it would be more expensive than the current model, and that it is meant to be sold alongside the PS4 as opposed to replacing it. House states, “We will be selling both [versions] through the life cycle.”
This is somewhat in line with the rumors that suggested that both models would co-exist together and that developers would be required to develop games with the “base” PS4 in mind, but also have the option of creating a “higher quality” version for the upgraded model. According to House, “All games will support the standard PS4 and we anticipate all or a very large majority of games will also support the high-end PS4.”
House also mentioned that the new system was aimed more at hardcore gamers and would support 4K TVs. Unfortunately for fans, the new system will not be shown off at E3 2016 next week, which could be good news for Microsoft, and it seems that its price and release date is still a mystery, but we guess at the very least we know that it is real.