Coming November 15.
Pre-orders are open at http://direct.playstation.com
The winning formula for this would have been local PS3 and backwards gaming for on the go. PS4/PS5 games limited to local or cloud streaming. Then as generations progress they make subsequent versions that can support last gen system games on the go while streaming the current gen. It makes it more than a remote play machine, while not fracturing current gen development.
I think PS3 architecture is an issue. They just don’t want to worry about emulating it properly. If they don’t abandon it, they may think about a version that can run PS4 natively, but to be honest, I don’t expect anything like that, at least not until we have Jim Ryan running the company. Maybe when there’s a new leadership it would think about these things.