Hardware PlayStation 5 Pro announced, will cost $699 / £699 / €799

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It's time to see what surprise PlayStation has in store for the future, with its PS5 Technical Presentation broadcast. Will we see a PS5 Pro? Or will it be something unexpected? Find out now, because the 9-minute livestream is kicking off now. We'll be summarizing the event as it airs, to stay tuned.

Cerny kicks off by going back to the PlayStation 5's launch, detailing the hardware in the system, and how it was an improvement from the PlayStation 4. Graphics, sound, haptics.

Developers have been wanting more, though. Having to choose between fidelity and performance mode has been an issue. Performance mode has been 75% more popular.

He casually drops PS5 Pro's announcement.

A larger GPU, advanced ray tracing, AI-driven upscaling, and more.

This improves the framerate performance for current PS5 games, with higher quality graphics.

He claims it's double the power of PS5.

We get to see a showcase of better graphics and smoother framerates in first-party PS5 games.

Ray-tracing has seen a large upgrade. Better reflections, shadows, and background details.

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November 7 launch, for $699.99.

Confirmed separately on the PlayStation Blog was the fact that the system will NOT be launching with a disc drive, which you'll be able to buy separately for $79.99.