Not as simple as that, because whether PS4 owners choose to invest in the PS4K or not, they're still potentially being adversely affected. Firstly, it's not like developers can just click their fingers to ready an upgraded PS4K version, at the end of the day, the additional development time, money, resources, people and testing spent on the improved PS4K version, means less development time, money, resources, people and testing on the PS4 version, either that or a longer development cycle.
Add to that the PS4K literally devalues the PS4, as in, the moment the PS4K is out, chances are the trade in value, resale value etc of the PS4 will diminish as it's automatically relegated to being the inferior model.
Then there's a bunch of stuff that remains to be seen. Eg, will PS4 versions of games in future get less attention or be worse now that development time and budget is being split between the two consoles? Then there's the question of whether the PS4K will inadvertently extend the length of the generation. Whether it's success will mean other manufacturers follow suit, and multiplatform devs are left with even more platforms to consider, with even more fragmentation. And so on.
It's not quite as simplistic as you're making out. There's countless ramifications and potential issues.