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wfz said:

But wouldn't launching a year later make the consoles more powerful due to the technology advancements and component price reductions that take course over the year?

Not by default, because they can aim to release a console with about the same power and cheaper, or to include something very expensive like Kinect 2.0 and put it out at the same price.

Logic says that if they are not including anything special or different in the console (like Kinect 2.0 or a iPad like controller with some processing power inside), and they are planning to charge a similar amount releasing 1 year later will mean more power, but the inclusion of those extra components and trying to keep the price about the same could mean very similar power in the machine.