Earlier this year it was revealed that Sony had been working on an upgraded PlayStation 4 – a gaming console expected to integrate 4K resolution and increased power, while still maintaining precious compatibility with existing PS4 games. Nicknamed The NEO, the system promises to boost PlayStation’s place in the console race by bringing bigger and better graphics and processing speeds to consumers.

Most of the system’s details, including an exact release date, has been shrouded in mystery. But today, Sony announced That Neo won’t be making an appearance at next week’s Electronic Entertainment Expo (E3), dashing the dreams of gaming hopefuls who thought the highly anticipated console might make its center stage debut at the conference.

In an interview with the Financial Times (via Neowin), Sony’s president and chief executive, Andrew House, confirmed that Sony won’t be unveiling The Neo at E3, saying: “We want to ensure we have a full range of the best experiences on the new system that we can showcase in their entirety.”

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Nonetheless, House did drop more details on the system, which can only continue to build the hype until a release date is specified. Significantly, House confirmed that The Neo will not replace the existing PS4, which has sold over 40 million units worldwide since its 2013 release. “It is intended to sit alongside and complement the standard PS4,” House said. “We will be selling both through the life cycle.” While both versions of the PS4 will support the virtual reality headset (set to be released in October), House went on to note that not all games will support both versions of the console. “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 said.

House has declined to leak any more details, such as the release date and price (although he did acknowledge that The Neo will be priced higher than the current $350 PS4 model). Sony’s silence comes at an interesting time; E3 aside, Microsoft has recently reported that its upcoming Xbox One “Scorpio” will have 6 teraflops of performance compared to The Neo’s ”rumored” 4.14 teraflops. It remains to be seen if Microsoft’s announcement has anything to do with Neo’s absence at next week’s expo. Conversely, it will be interesting to see if Microsoft’s plans for E3 will change as a result of Sony delaying its announcement.

Screen Rant will continue to bring you news about the PlayStation 4 Neo as it becomes available.

Source: Neowin