We've collated everything we know about the PS5 so far, including official confirmation of its existence. So here's the information on the next-gen machine that's out there already.
Although he didn't mention the PS5 by name, Sony CEO Kenichiro Yoshida told the Financial Times in early October 2018 that the company is working on a replacement for PlayStation 4: "At this point, what I can say is it’s necessary to have a next-generation hardware," he said.
There was no further embellishment, however.
There is nothing official on release date and we doubt we'll hear anything concrete in the near future. Some early reports did suggest that it could be announced as early as 2019 but the console is more likely to make an appearance within the following two.
Renowned industry analyst, Michael Pachter, games and electronics specialist for Wedbush Securities and host of YouTube series Pachter Factor, told The 1099 podcast that he believes the PlayStation 5 could launch in 2020.
"If I had to bet, I'd say 2020," he said.
"Sony's making so much money on PS4 that they'll continue to make it as long as they can milk it. I think the natural extension of that is that the PS4 Pro becomes the natural default PS4.
"The PS5 is probably going to be their real 4K device and it feels, to me, that they're not going to launch the PS5 until sales momentum slows."
Sony itself certainly dashed hopes of the new machine coming any earlier than that, by not even mentioning it during E3 2018. Plus, if a quote by Sony Interactive Entertainment CEO John Kodera is to be taken literally, we might not even see the PS5 until 2021.
When talking to The Wall Street Journal, Kodera explained that as the company winds down the PS4, Sony could take three years in preparing for its next console launch: "We will use the next three years to prepare the next step, to crouch down so that we can jump higher in the future," he said.
Specs and features
As yet, there are few rumours out there about the technology Sony will adopt for its next console.
However, industry insider and games journalist, Marcus Sellars, claimed that Sony started to send out PS5 development kits as early as March 2018. So some of the specifications must have been nailed down.
PS5 dev kits went out early this year to third party developers.— Marcus Sellars (@Marcus_Sellars) March 6, 2018
He also believes that the console will be backward compatible with PS4 games at launch. That would give it an enormous games library from the off, although backward compatibility was something not adopted for the PlayStation 4 itself and was only on the initial PS3 launch machines, being subsequently removed for the second wave of PlayStation 3s.
For PS4, Sony opted for a cloud based service, PS Now, in order to offer PS3 games to play instead, so it does seem a little odd that it would so dramatically go back to a strategy it hasn't supported for more than a decade.
For other specs and features, we'll make a few educated guesses ourselves until other external rumours are forthcoming.
For a start, it's pretty clear that the PlayStation 5 will be a full 4K HDR console, with beefy enough processing to present full 4K native gaming at 60fps without the need for checkerboard upscaling.
It is thought that Sony is working with AMD, with a next-gen version of the company's Ryzen CPU tech tipped for PS5.
We'll be flabbergasted if it doesn't come with a 4K Blu-ray player too. During the unveiling of the PS4 Pro in 2016, SIE's executive president of its hardware engineering department, Masayasu Ito, told us that the omission of a 4K Ultra HD Blu-ray deck was down to cost and that 4K video streaming was more important to the console's target audience.
However, Microsoft includes one in its Xbox One S and One X rivals, while maintaining a reasonable price point - certainly for the former.
Sony Pictures Home Entertainment is rapidly becoming one of the biggest players in the 4K Blu-ray market and it just doesn't make sense that the parent company's biggest-selling entertainment device doesn't support its own discs.
It is also almost a certainty that the PS5 will have a larger hard drive - of 2TB or greater. As the resolution of games gets higher, so do their file sizes. Read Dead Redemption 2, for example, is a minimum of 99GB. Considering system software takes up space too, you can't even fit 10 such games on a 1TB drive.
Yes, you can add an external USB 3.0 drive for extra storage these days, or swap out the internal HDD, but providing adequate space to begin with is a must.
Could Sony also be developing new digital rights management (DRM) technology for the PS5? A new application to the US Patent and Trademark office seems to point this way with a new way to authenticate user data to give users access to the games and other content they've paid for.
It would certainly mean the end of the second hand games market.
Considering we don't have many of the actual details yet, there's no way we can even speculate on a price at this stage.
We doubt it'd be anything shy of £450 though - the price of the Xbox One X on its release.