A couple of months ago, word started to spread about a new PlayStation 4 revision that was secretly in development at Sony. Sources said it was called the PlayStation 4 Neo and it included hardware that was quite a step up from the current PlayStation 4 units.

Sony remained rather quiet when it came to its existence, until today. Andrew House, the President and Global Chief Executive of Sony Interactive Entertainment, told Financial Times that PlayStation 4 Neo exists and that it won't be shown at E3.

Now we at least know for sure that a PlayStation 4 hardware upgrade isn't just a thing of rumors and speculation. It's interesting that it won't be shown off at E3 this year, however. It could be that Sony is going back to bump up some of its specs after hearing of the rumored Xbox One hardware revision that Microsoft is supposedly working on.