4G would be useless.
The only reason 4Gb is any good on PCs is that first Vista use a lot of memory, second you can run several applications at the same time and each can use up to 2Gb of ram...
OS on Consoles are not memory hungry like Vista and you're not going to run 2 games at the same time..
And the maximum amount of memory a single application can use on 32 bits processors is 2Gb...
So it won't be above 2Gb for the main memory.
You have to add the graphics card memory to that though.
But all in all my guess is it's going to be 2Gb total..