Hmmmm.... I think graphics are important but prettier graphics don't make the games better in most cases, that being said, these boxes all look pretty bad next to a decent PC even if the supposed "code to the metal" is applied to them when talking about power. You can get a 390 USD GTX 770 right now(faster than a GTX680, comes in 2GB standard or 4GB for about 440 USD or so) and toss that into a 6 year old PC running K10s or Core2s, and that will run laps around the new consoles already. It would of course cost more to build an entirely new PC but the upgrade path is also a viable one if you just have something laying around. You can go AMD 7970GHz Edition for about 10 bucks cheaper but Nvidia GTX 770 has excellent driver support and PhysX while being faster in most benches so......
Anyways, 8th gen consoles are somewhat disappointing to me so far as powers go, but I'm sure there will be good games on all platforms and that's what really counts.