I think that's the better choice. The vast majority of gamers will likely have 1080p sets, and would rather have 1080p games in better quality/framerate than current quality at 4K (downsampled to 1080p). If Scoprio games are XB1 games at 4K, I think interest will be muted. However, if Scorpio games have 1080p modes that render in better visuals, it'd offer far broader appeal. Basically, is it a PC with settings (even if 1080p or 4K options in games) or a 4K XB1? Regardless, it's the 1080p market that these machines probably need to appeal to, and the one that does that best (ignoring current market share etc) is probably the one that'll sell most.
Sony's statements so far have already been pushing it as a 4k machine for hardcore gamers who want 4k content, and that you won't get "the most" out of the machine without a 4k tv.
Also, what you're suggesting is a terrible idea and probably won't happen. If they make the game look great at 1080p, then you really can't make an option for a higher resolution or 4k, especially if you call that option 4k. The only way to do it will be visual tradeoffs and 4k owners will be pissed that their game ends up looking worse at 4k. If they go 1080p it's best to just let the game run at 1080p and scale to 4k since it scales perfectly.
If they want to target higher resolution (which will never be 4k on Neo or Scorpio, not without some clever temporal reconstruction or upscaled rendering), then they'll have that one render path and let it downscale for 1080p sets.
Edit: Another way to look at it is that if Neo renders at 1080p, I think it'll be hard to distinguish itself visually without pushing the PS4 version down. You could get into this situation where it's like comparing a pc game at Ultra settings to one that has a mix of High/medium settings, and to the average gamer it's really not that noticeable, but they dropped $500 on a Neo and feel like they got ripped off. One way to create some separation in the visuals would be to lower the PS4 versions of the games to 900p or 720p, but then PS4 gamers will be pissed that their average gaming experience has been compromised by Neo.
Best case is PS4 at 900p or 1080p and Neo being marketed for 4k and running with some kind of upscaling.
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