Here are some quotes from the Kotaku article. A link to the full article can be found below.
"Based on conversations with developers who have spoken with Sony, this ‘PS4.5’ will include an upgraded GPU both to support high-end 4K resolution for games and add more processing power that can enhance the games supported by PlayStation VR, the headset Sony will launch this fall. It’s unclear if ‘PS4.5’ is an official name or just a nickname that developers have been using. One developer jokingly called it the ‘PS4K’ while telling me about the device."
"We’ve also heard that at this week’s Game Developers Conference in San Francisco, Sony held meetings with developers about the hardware and how it would work. As we were chasing down this story, coincidentally,Kotaku UK EIC Keza MacDonald overheard some developers casually talking about the machine while on line at GDC. They mentioned the name ‘PS4.5’ and discussed its increased horsepower, mentioning both 4K resolution and PlayStation VR."
"A more powerful PS4 would also allow the machine to be more competitive with PCs in the world of virtual reality. With a higher-end GPU, the PS4 could more easily match up against the more expensive Oculus Rift and HTC Vive virtual reality headsets, which are designed to work with powerful PCs."
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