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GDC was in March, since then developers have received the final "Mass production" dev kits which is the final specs of the system. News from developers since then have all pointed to a spec increase since March. Geoff's tweet is not based on the latest dev kits but on the kits the developer commented on in March. I'm not saying it will run ue4, but things definitely have changed with the specs since march. In 6 days hopefully we'll have an answer at e3. Either way, the system will have excellent graphics and I don't believe the graphical leap will be as different from the wii/ps3/360 gen.