Sharing is caring!

As expected, the PlayStation 4 Neo was officially revealed at PlayStation’s September 7 event, and we now have an official name to use for it: the PlayStation 4 Pro.

The PlayStation 4 Pro will be capable of outputting 4K and HDR (High Dynamic Range) video. It has an upgraded GPU, a CPU with a boosted clock rate, and a 1 TB hard drive. Like the rumors said, this console is not meant to replace the basic PS4 model, but exist alongside it. New games released for the PS4 will be playable on both types.

According to Sony, you’ll see improved graphics even without a 4K television, due to the improved GPU, which is more than twice as powerful as the GPU of the original PS4 model. This was a good announcement to make, since 4K TVs still aren’t particularly common. This adds a reason to upgrade even for players who can’t take advantage of the 4K output.

They also confirmed that if you upgrade from your current PlayStation 4 to a PlayStation 4 Pro, you’ll be able to transfer your game purchases without a problem.

Finally, the PlayStation 4 Pro has “forward compatibility.” What does that mean? It means a certain selection of PS4 games already released will have improved visuals patched in when they’re played on a PS4 Pro.

The PlayStation 4 Pro will be available on November 10, 2016 for $399.

It looks like a majority of the PS4 Neo rumors were true, but now we finally have confirmation of what the Neo—or rather, the PS4 Pro—is. There were a lot of concerns about what it meant for the PS4, and some fans worried this was essentially shortening the console cycle. If you were on the fence about the Neo, what do you think now? Are you going to get the PlayStation 4 Pro? Are you going to skip the Pro and stick with the basic PS4 (or perhaps the slim model, also announced at the same event)? Or are you still undecided?

Share your thoughts on the PlayStation 4 Pro reveal in the comments below.