If you suffer the embarrassment of having a small disc, and a regularly teased by your friends who have huge discs, then your prayers have been answered. PlayStation 4 Firmware 4.5, which is about to go in to beta, will support external hard drives.
You will be able to connect a USB 3.0 external hard drive up to 8TB, and you can use it for everything, and yes, that include game installs. You can also move games currently installed on your PS4 hard drive to the external drive.
If you’re a PSVR owner then 4.5 will bring another new feature, you will also be able use your PS4 to play 3D Blu-ray discs and watch them in 3D on the headset. The Quick Menu is also getting a refresh, and you can set custom backdrops using screenshots.
Sony say they will reveal a release date in the next few weeks.
UPDATE: As spotted by NeoGAF, 4.5 also includes a “boost mode” for those with a PS4 Pro. It is appears that standard PS4 games with a variable frame rate would be more stable, although if a frame rate is locked it would not improve the game above the lock. For example a game locked to 30fps but dips down to 20fps in some situations would be improved, but the frame rate would never exceed 30fps.