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IMHO, PS4 should remain a Cell based console.

Could Maybe use the multicore version of the Cell due to release in 2011-2012 : http://img411.imageshack.us/i/roadmap1kh0.png/#q=ibm%20cell%20roadmap

CELL BE at 3,8 GHz with 4 PPE and 32 SPE's

 

A RSX Compatibility chip to allow every PS3 games to work with it

A Faster Blu-Ray Drive

2-3 Gigs of Ram

500 GB Hard Drive

Wifi

And the Price at Release : 400$ Max