I like how Colin and Greg, in the video I posted above, labeled this thing near the end of their rant. The PS4NEO is a luxury item. It won't be necessary, if you can afford it and want it, great, but it won't be for everyone and who knows how much support it'll actually get.
This does remind me of the "Better With Kinect" on the X360 boxes. Sure... maybe it is better with Kinect (let's be honest, that was a downright lie), but did you ever feel jilted if you didn't play that game without a Kinect? I guarantee I won't feel left behind if my framerate is slightly lower than what someone else is playing (sidebar: did anyone ever yell at their Kinect while playing Mass Effect 3? I didn't. Not even once.). I don't own a 4K TV and have no plans to buy one. And they said no online content will be unique to the NEO, I don't care about couch settings since I literally have nobody to play with at my house, so none of this affects me.