The unit does have 4K HDR game play and 4K streaming however. We are still disappointed to see this lack of 4K Blu-ray, especially given Sony’s past choices that made Blu-ray more widespread.
There is a high-end PS4 “Neo” in development but we don’t know as much about it. Xbox’s Project Scorpio console is expected to be available late in 2017. The Xbox One S is a smaller upgrade that will be out sooner and feature 4K up-scaling, 4K Blu-ray, and 4K video streaming.
The official video from Xbox is here:
See Nvidia’s webpage on the Shield for more information, but some of the interesting claims are that it’s components are twice as powerful as the Xbox 360, and that it can stream 4K video. The Shield runs off a Tegra X1 processor, has 3GB of memory and has a 256-core Nvidia Maxell GPU.