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The new PS4. Or is it PS4.5?

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It's not a new PlayStation 5 or is it? Sony is rumored to be working on a new and improved version of the PS4 that could debut in 2016.

The typical console has a lifespan of three to five years -- after which it is inevitably nudged into obsolescence by its successor. Change may be afoot, however, in light of rumors suggesting that Sony -- and maybe Microsoft -- are considering introducing new platforms less than four years after releasing the current versions of their respective PlayStation and Xbox consoles.

It is reported that a new PlayStation console with the capacity to handle "higher-end gaming experiences" is forthcoming soon! The Sony VR headset will require a PS4. This new version of the PlayStation -- being referred to variously as the PS Neo, PS4k, and PS4.5 -- will come equipped with "enhanced graphics and power," including support for PlayStation VR. In addition, according to the rumors, Sony will continue production of the existing PlayStation, making the new console an addition to the portfolio rather than a pure, next-generation replacement.