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It's been true for ever generation, even the SNES had a weaker processor, UNLESS it gets discontinued before all it's competitiors arrive on the market, in the case of the Dreamcast.

1:Magnavox Odyssey

2: Atari 2600

3: NES/Famicom

4:SNES

5: Sony PlayStation

6: Sony Playstation 2

Although the Dreamcast had the weakest processor, it was also being phased out before the Gamecube or the Xbox was released. Even though it was still avaliable in 2002, it was in the middle of being phased out, so it was already doomed before all compititors arrived to market. The dreamcast was also the "black sheep" of its generation, as the only console avaliable in white.

7: Nintendo Wii

Basically, the most powerful console has yet to win a generation.