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usrevenge said:

Which is kinda lame being that 360 is 7? years old...

There are only three options, when disregarding degrees here. Either the Wii U is more powerful than these consoles, it is on-par with them,or it is less powerful. Naturally, one compares something new to the best thing there is on the market, currently. There were some people who argued the Wii U was in fact on par, or even less poweful than the Xbox 360 and Playstation 3. This confirmation cements that as false, and allows us to proceed for other arguments of degrees. For the pricepoint it's aiming toward, and the investments in other aspects of the system (the controller) , the Wii U seems to have the hardware that makes it suitably more powerful than the Xbox 360 and Playstation 3, while still within the range of what the predictions of PS4 and Xbox next-gen are, for recognition in multiplaform releases. Therefore, no it's not lame in terms of logic, especially for Nintendo's core audience, who prefer a conservative price-point. 

I find it so ironic how console gamers want the top of the line graphics, yet don't realize how much it hurts the industry: both the console manufacturers and the software developers. Ultimately, whether one sees gaming as a form of art or as a recreational time-spender, variety triumphs over inefficient advancements. Companies closing or losing money because they invest too much in these infficient advancements are highly detrimental to the gaming industry, and therefore gamers. For this reason, don't expect such huge advancements in graphical fidelity, well until the advent of a technology that allows it at a feasible investment.