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Mr Khan said:

I did not feel the need to go into depth because Epic's argument is merely a veil for a desperate attempt to pitch a product. If one wished to read into this more deeply, Epic might be signaling that Unreal Engine 4 might actually be a little much for what Wii U and the rumored NextBox are pitching (not sure if enough is known of PS4 even in rumor), and so are making hyperbolic statements like this to try to actually have a middleware market next gen. Odd statements like this could be signaling that Epic has overshot the market.

Well, while I was mostly showing the fallacy in the means he took to do that (his words), and I think I did a pretty good job at it, I don't disagree there may be some hidden strategy there.

Probably their wish is to have full bleeding edge, but they are totally aware of reality and would settle for middle-ground.

From the article, it would appear they are purposefully overshooting, in contrast with the miscalc you're suggesting. I'd rather think they're being truthful given their strategy was the same for Xbox360. If they repeat for gen 8, they are very idiotic, or more likely purposefully pushing the limits of the market. I'd be more inclined to believe the latter.