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Totally disagree. Epic had a huge hand in the specs of the 360. And if Epic are to be believed in a recent interview with Eurogamer, then the same looks likely.

Commenting on the UE3 engine update at GDC 2011, they afformentioned next gen. MAybe slipping up saying they expect the next Xbox to have about 4 gb ram, multithreaded Quad core Cpu and above and a possible 3 GPU set up.

Something tells me, They are already working on a launch title for the next Xbox whilst showing M$ what they need to make that demo a reality in gameplay.