Andrew House, Sony President and CEO, confirmed in an interview with Financial Times that PlayStation NEO is indeed a real thing and that it would not be shown at E3.

Though no price point was confirmed, House stated the NEO would be a “high-end” PS4 that would sit alongside the current model, and would sell for more than the current $350 price tag. He reiterated that the old model PS4 would still play all games, including PSVR games.