Sony announces PS5 Pro, which costs 699/$699 and doesn't come with a stand
Briefly

According to Mark Cerny, the PS5 Pro aims to combine the performance of 60FPS with the rich visuals of Fidelity modes, promising an advanced gaming experience.
Sony states that the new GPU is an upgrade with 67 percent more Compute Units than the PS5, achieving up to 45 percent faster rendering for enhanced gameplay.
The PS5 Pro features advanced Ray Tracing technology, allowing rays to be cast at double and at times tripled speeds compared to the current PS5.
Packed into a redesigned shell that maintains the current PS5 slim dimensions, the Pro offers 2TB of storage and comes with Astro's Playroom pre-installed.
Read at WGB
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