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These specs looks great.

You don't need 4xaa at 1080p, so dial that back to 2xaa, factor in it being a closed system and optimized for and all and it'll do BF3 on ultra @1080p + 60fps no doubt.

About the GPU, as Gilgamesh said, what the RSX chip is based on was about $400 in 2005, and that definitely isn't what drove the PS3's price up. Sony will also buy in bulk and this is a 2013 console, so that price will be drastically reduced by the time it's in the Orbis.