It’s hard to believe the PlayStation 4 is turning six this November. After all these years, it’s just about time we heard something about a possible PlayStation 5. Sony had announced it was working on a new PlayStation console, but beyond that, information was sparse-until now. Wired recently sat down with the lead architect for the next-gen system, Mark Cerny, who revealed some juicy details. Cerny divulged that this in fact will be a new system, not an upgrade like the PlayStation Pro or Xbox One X. (PlayStation 5 is what everyone is unofficially calling it; Cerny wouldn’t reveal a name beyond “next-gen console.”) To the relief and pleasure of many, it will support backwards compatibility with the PS4, meaning that wonderful gaming catalog won’t die with the system. It remains unclear if the backwards compatibility will go back any further than the PS4, but we’ll take what we can get. The current version of the PlayStation VR will also be compatible, though it seems likely an updated version of the VR hardware will come later down the road. The next-gen console will also allow for physical media and not only rely on downloaded applications, as many fans feared it would.