Playstation '4'

I want some meat and potatoes here. Can it output in UltraHD / 4K? What kind of optical drive does it have? What does it even look like?

The PS4 supports 4K. Just not for games.

http://www.ign.com/articles/2013/02/21/playstation-4-wont-support-4k-games-3d-not-a-focus

"The PS4 supports 4K output, but only for photos and videos — not games," Yoshida said. "PS4 games do not work on 4K." While it's possible that we may see tech demos that demonstrate the system's capacity for 4K gaming, like Polyphony Digital's multi-display demos powered by several PS3s paired together, Yoshida says a single console cannot natively run games in the high-resolution format.
 

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