The rumors have been swirling about the new, more powerful version of the PlayStation 4, but Sony hasn't said too much to confirm it one way or another, other than it would "co-exist" with the main console. However, Sony has finally opened up a bit, saying the more powerful unit, codenamed Neo, is designed to work alongside the PS4.

Speaking to the FInancial Times (via Polygon), Sony Interactive President and CEO Andrew House said that users can expect to pay more for the Neo than the current $350 PS4, but that it won't replace the console - it will "complement it." He also said that both units will be sold side-by-side for the duration of their life cycles.

The new console, which House said will not debut at E3, is being designed for 4K resolution and a smoother experience with PSVR, Sony's answer to Oculus Rift and the HTC Vive. As for the games, House said players shouldn't need to buy a separate version. "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."

He didn;t give any specifics on a release date or official unveiling, other than to say that he wants to make sure that gamers get the full experience when it is debuted.