Sony has announced it is releasing a 1TB PS4 system this month for $299 (the current price of a 500GB model).
An exact release date is unknown, but the online site of retailer GameStop [Full Disclosure: Game Informer is owned by GameStop] has tagged the system as of the time of this writing with an April 20 release date.
Previously, the PlayStation 4 Pro was the only Sony console with a 1TB hard drive, and it retails for $399.
[Source: Sony]
Our Take
I assume we'll hear about some software bundles with this machine at E3.