Based on what some Industry Vets say about the current specs of the Neo , the scorpio far out powers it. I wonder if that's why they didn't present it
Scorpio is on year out (expected 2017).... that might also be WHY it is so much more powerful (and also why they didn't present anything).
Hardware can evolve quite a lot in a year... with a double node shrink this year for GPUs, yet Nvidia not really even trying to make their cards as fast as they could be*, and AMD seemingly not being in a rush to finish their highend offerings**, MS might get much more power when releasing their hardware a year later.
We don't know yet how much of a speed bump we can expect from 14nm GPUs (or modern CPUs once AMD catches up to Intel and Intel no longer can fill their Mainstream CPUs with ever growing iGPUs, and price their real improved CPUs out of the reach of consumers), but the current bump we see from Nvidia most probably is not all there is to get (once the process matures and Nvidia puts out gaming only cards).
Expect the same from AMD, which might not try to resell their Tesla chips as gaming cards, but most probably will start out with smaller chips and more conservative offerings until they get more expierience with the new process (which might already happen by next year).
About the new consoles supporting 4k/60Hz: Dream on!
The new PS4 Neo has roughly the power of a GTX 970... see for yourself how much FPS this card puts out in 4K in modern games set to high or ultra settings (hint: not even 30Hz)... the new XBox reaches the power of last gens R9 390X. That is maybe enough for 30Hz at higher settings. Just about. Even the High-end cards of last gen struggled with stable 30Hz in some games. Reaching an average of maybe 40 FPS over all games, as long as graphic settings were high. And the 390X was far from highend.
So unless games in Neo mode opt for 4k/30Hz AND lower the graphics setting, not going to happen on PS 4 Neo. On the Scorpio 4k/30Hz MIGHT be an option, but then the devs have to be VERY careful that the framerate remains stable.
Of course if we talk about less demanding, non-AAA games, 4k/60Hz will not be an issue... but for many of these games, even todays consoles could do that IF they could output 4k/60Hz (don't know really).
VR at the current low resolutions (around Full HD) might be possible in 60 Hz, maybe 90 Hz (for the Occulus/XBox) without reducing the graphic fidelity on the new consoles. 120Hz for PSVR will be out of reach with just the power of a GTX 970, at least for demanding titles. The 90Hz of the Occulus and the 50% more power of the Scorpio might mean that here you CAN output at the full frequency (the fact that cutting the frequency from 90Hz to 45 Hz is just a tad too low might be one reason why MS opted for 50% more power over the PS4 Neo with their PSVRs max of 120Hz (and thus half rate of 60 Hz))
*DP cores and other stuff not really useful for gaming but only Tesla cards taking a lot of space on the GP104 (GTX 1080 and GTX 1070), combined with all kinds of limiters to prevent the return of the "Thermi" debacle (the GP104 most probably could reach 2,5 GHz, but power and temp limiters mean 2 GHz is the max for all cards unless you hack the BIOS and whatnot), the highend GP102 meant for the 1080 Ti and most probably next Titan card being a CUTDOWN GP100, expected to have around 2/3 or so of the maximum size GPU dies reached in the past, thus coming with the very low SP shader count of the GP100 (bigger than GM 100's 3000-odd shaders, but common, its a double node shrink! The shader count could be doubled if the GP 102 would be the same size as the GM 100)
IPC of the cards have gone DOWN, not up (that could be down to immature shaders, OR inefficient architecture), and given the architecture is almost unchanged to Maxwell (thus it is unclear if they REALLY behave better in DX12 than Maxwell), rather Meh! cards at the current prices.
Why does Nvidia even matter when discussing consoles that have AMD onboard anyway? Because for as much as AMD says they no longer want to react to Nvidia, its always competition first and foremost that drives innovation. At the moment Nvidia seems to be rather interested in milking customers than innovating. I hope AMD does not follow suit now that there seems be quite a price gap between their offerings.
** still no juicy details for even the first new polaris cards, vega (performance and highend chips) still months away.