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twilight_link said:

mid-end gaming PC now (months before its launch), low-end gaming PC in few years, platform flushed with horrible looking ports of PC games mostly with bad frame rate and or low resolution.

The PS4 buzz stinks with Vita type fiasco, platform hyped by many bought by few.

Steam Box if done properly can wipe the floor with PS4

Considering the early rumors of PS4/720 called for a GPU of HD6670 or 7670 level of performance, PS4's GPU is actually very respectable. In this economy and financial state of Sony, consumers wouldn't be interested in a $700-1000 PS4, while Sony couldn't afford a $300 loss per each console sold. Since GTX680/7970 use 180W of power in games, those GPUs couldn't be viable, and neither could the  Titan. That leaves us with still expensive HD7950/670 or something reasonable alongside 680M/7970M/HD7870/660. NV charges stupid money for 680M while it's only 5% faster than HD7970M. HD7850/7870 deliver better price/performance than anything NV has had up until 650Ti Boost. An 1152 shader GCN part with 176GB/sec memory bandwidth is actually the best you could have gotten without the price of the console or its power consumption ballooning way above reasonable levels. The bigger dissapointment is the CPU not the GPU.

Steam box won't wipe the floor with PS4 unless it costs substantially more. Since developers will code directly to the metal on PS4, Steam Box would need a way more powerful GPU to even come close to PS4's level of graphics. There is absolutely no way that $450 GTX680 would be able to play 2017-2018 PS4 games at the same level of graphics quality/performance. 

It sounds like you hate consoles in general but don't understand how the console business works. Additionally, if consoles didn't exist, blockbuster games wouldn't be viable since PC platform alone cannot sustain development budgets of games like Bioshock Infinite, BF4, Crysis 3, etc.