The latest reports on a potential PS5 Pro are stating that the mid-gen refresh console is still on track for a release this year and yes, it'll likely cost you an arm and a leg.
As reported by GameSpot, the reports come from reporter Jeff Grubb, who spoke about the PS5 Pro in a recent episode of the Game Mess Mornings podcast. During the episode, Grubb stated that: "The last I heard, this thing [PS5 Pro] is still coming out this year."
