No, I think they'd struggle to differentiate it from the ps3 and possibly more importantly the Wii U. If they don't create a significant enough gap between themselfs and the wii U they are essentially handing Nintendo the majority of the hardcore market. They would also have no unique titles, just 3rd party ports.
Also they'd be throwing away money which they could be making on the Ps3.
Personally I want to see a late 2014 PS4 with avatar graphics ^_^
http://www.avforums.com/forums/attachments/movie-news/336278d1347358083-james-cameron-confirms-avatar-4-avatar.jpg







