After months of rumors and leaks, the wait is finally over: Sony has officially revealed the PS5 Pro. Unveiled during a special tech presentation, the new console promises to take gaming performance to the next level. According to Mark Cerny, the lead architect of the PS5, the Pro model brings three major upgrades: a beefed-up GPU, more advanced ray tracing, and custom AI-driven upscaling.

Mark your calendars—Sony plans to release the PS5 Pro on November 7th, priced at $699.99. Visually, it looks a lot like the slim PS5, with three stripes along the side, though there’s one significant difference—it doesn’t come with a built-in disc drive. However, you can buy a 4K Blu-ray disc drive separately, and even swap out the console covers if you want to personalize your system.

“It’s the most powerful console we’ve ever built,” Cerny said confidently during the presentation. Thanks to some serious hardware improvements, the PS5 Pro offers 45% faster rendering than the standard PS5. This should translate into sharper details and better frame rates for gamers, making for an overall smoother experience. According to Cerny, one of the main reasons behind the Pro upgrade is to eliminate the need for players to choose between performance and fidelity modes. “Players are choosing performance about three-quarters of the time,” he explained.

So, what’s powering these improvements? Sony has crammed 67% more compute units into the GPU, and the memory runs 28% faster. All this adds up to a more powerful system that can push frame rates higher without sacrificing visual quality.

Ray-tracing fans, rejoice! The PS5 Pro’s enhanced power will significantly improve games that rely on ray-traced graphics. Developers will be able to cast rays at double or even triple the speed of the original PS5, leading to more realistic lighting and reflections in games.

But the most futuristic feature here might be the PS5 Pro’s AI-powered upscaling, called PlayStation Spectral Super Resolution (PSSR). This new tech is Sony’s answer to NVIDIA’s DLSS and AMD’s FSR, designed to boost frame rates and image quality. PSSR essentially replaces existing anti-aliasing methods in games to create cleaner visuals with fewer performance sacrifices.

During the reveal, Cerny gave a sneak peek at a few games running on the PS5 Pro. Titles like The Last of Us Part II looked crisper and ran at 60fps, a noticeable upgrade from the PS5’s 30fps fidelity mode. Sony’s goal is to offer fidelity-level graphics at performance-level frame rates, with games like Spider-Man 2 and Ratchet & Clank: Rift Apart benefitting from these advancements.

In addition to all the new features, Sony’s throwing in a “Game Boost” option, which will apply to over 8,500 backward-compatible PS4 games. This feature will enhance image quality and stabilize performance for many older games, making them look and play better on the PS5 Pro.

And yes, the PS5 Pro comes with support for Wi-Fi 7, VRR (Variable Refresh Rate), and up to 8K resolutions. According to Scott Stein from CNET, who got early hands-on with the console, it will come with a 2TB SSD and will swap one rear USB-A port for a USB-C port. Plus, it’ll still have an extra SSD slot for storage expansion.

Games will need patches to tap into the PS5 Pro’s full power, but Sony is making sure developers are on board. By the November launch, around 50 games will carry the “PS5 Pro Enhanced” label, offering improved graphics, frame rates, or both. Early titles include big names like Alan Wake 2, Gran Turismo 7, Marvel’s Spider-Man 2, Horizon Forbidden West, and The Last of Us Part II Remastered.

Most of these games will now support 4K at 60fps, but CNET reports that Gran Turismo 7 will even have an 8K mode and a separate 4K ray-tracing mode. Developers can also add new graphical touches, like volumetric lighting or more characters in scenes, to take full advantage of the Pro’s hardware.

The PS5 Pro will also work seamlessly with existing accessories like the PlayStation VR2, the PlayStation Portal handheld, and current PS5 controllers. Sony says the user interface and online services will remain the same as the original PS5, so don’t expect any changes on that front.

If you’re eager to get your hands on the PS5 Pro, preorders start on September 26th, with the official release on November 7th.