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Saying 3 cores really isn't saying much unless we know the technology that is being used within them. A dual core i5 can outperform a quad core AMD phenom.

The GPU specs seems far ahead of anything in a current gen console. The 360 had tessellation capability as all ATI gpus since 2004 have had but not an actual full featured modern tessellation unit. Technically, even the regular Wii should be capable of some degree of tessellation if someone is willing to put in the effort to code it into the TEV.

Its 3 times the amount of RAM at any current gen console. The specifications listed for the GPU seem capable of running any PC game on the market currently at max settings.

I more interesting in the CPU though. If nothing has changed then it should still be Power7 based. That would put it ahead of the Cell as power7 are documented as greatly exceeding its performance. This should be interesting when it arrives in the hands of a more technically capable developer.

I'm looking forward to seeing what Shin'en has in store for us.