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Netyaroze said:
4gb GDDR5 seems realistic, the 512 MB chips go into full production right now. 4gb Vram will be the coming standard for GPUs in the next years GTX680/670 have 4gb versions out already.

Maybe Sony puts 1gb DDR3 for the OS in to it too. That would be fantastic.

Without dedicated GPU however the 4gb seem pointless.

It will have one if the rumors are anything to go by.
The plan is to go for 1080p 60fps 3D and for that you need a dedicated GPU..