When PS3 can do Samaritan level graphics then we'll talk about being comparable to UE4.
I understand that the images from UE4 don't do justice but it's clear that if they aimed at a more realistic setting with more colors, particles and all that jazz we wouldn't have this debate at all. Epic needs to drop those dark/grey monster fantasy world when displaying their engines. People are more accustomed to real settings, but jaws wouldn't just drop, they would explode.