Mate if you catch up on the Microsoft press conference ,search YouTube it has some amazing specifications and yes 4K gaming was the main topic in question , I can not remember the specs but they seem extremely impressive ,and your right about Sony been well into development with the Neo and it may be a little late to change.
But then again they may have to scrap it altogether given the route Microsoft are going with there new machine as there is much to like ,what's good is that they want a hell of a lot of cross play,,buy it on PC and play on your Xbox One for free and Vice versa ,but to me they are turning the Xbox one into a glorified PC in disguise with there Windows 10 Drabble ,what they did show first was there Xbox Slim which is only going to appeal to those that haven't bought a Xbox one ,given the poor sales figures of the Xbox one already they then announced Project Scorpio that literally killed of any interest in the Xbox Slim mentioned 10 minutes earlier,,what is good about the Xbox slim which may help it achieve minimal sales is the new redesigned controller and the fact it ships with a 2Terabyte hard drive which to me should be standard in this digital age we live in,and as much as I like new tech not even I would buy a slim,I have a 500 gig Xbox One now and it's getting less use than my Nintendo Wii U which Jorkila nicked earlier in the year ...