PS5? 8x proper power increase for next gen.
Too early for that for Sony - why kill a gem where they're making bank?
Neo seems fair sensible strategy to me at the moment.
It's clearly designed as a bridging release to next gen vs big jump and Sony no doubt hope this approach in current market will provide smoother gen transition with stronger continuity in market for their brand.
I suspect it's also intended to blunt any MS attempt to ditch XB1 as they did the OG Xbox and try and leapfrog them. I reckon Sony are banking that a moderate power boost with earlier time to market and price would erode impact of MS taking same path as they did from OG Xbox to 360.
That sad MS are, if rumours are true, taking a bit of a half way house approach themselves. Not entirely ditching XB1 but going for bigger jump with their Scorpio release.
Sony's makes sense as current market leader and MS makes sense as XB1 starts to look down YOY and remains too far behind globally.
Whether market really embraces increments at all though is s while other thing. At this point it's an unknown.
Both devices might stutter and end up selling in small quantities to a niche demographic and make little impact.
One or other might hit home while the other struggles (fan folk will already have their fantasy narrative in place for their preferred outcome in this scenario).
Both might actually work well enough in their own right (this would be funny to see on GAF).