Going on this interview Mr Spencer gave to EuroGamer i wouldn't be so sure.
My emphasis added as if we're looking at the original release price of the Xbone as a guide for the XboneS then it would be north of £429, although how much extra you want to add for that "premium price" is up to you.So, Scorpio is for the person who's got a 4K television, who's really focused on 4K gaming. It's going to be a premium price over what we're selling this one for, and both of them will exist in the market at the same time. Scorpio is for your 4K gamer. And that's what we designed it for.