Sony closes out the first full day at E3 2016 Monday with its PlayStation press conference. The Japanese electronics giant confirmed the existence of the rumored PS4 upgrade, codenamed NEO or the PS4K, but stated it would not make an appearance at E3 2016. Even with the console absent, Sony's press conference will be busy with plenty of PlayStation VR news. The PlayStation E3 live stream begins with a pre-show at 5:30 p.m. PDT (8:30 p.m. EDT).