So I guess the PS4/720 rumoured specs were true........

[M.U.G.E.N]

BenVTrigger said:
If these are true these are some horribly underpowered consoles......

Like wow next gen will be pretty awful. In fact I might completely skip next gen and go strait PC

I would bet we will get something similar to the latest rumors. I wouldn't worry too much

PS4 "Orbis"
- AMD x86 3.2GHz APU Solution (Jaguar/Steamroller), 4 cores (2 core pairs), [Higher Clock than X720/Durango] 
- Maybe AMD 8000 series GPU solution [Customised Solution Possibly utilising GPU + APU combo]
- 2-4GB GDDR5
- Launch Fall 2013/Early 2014

Explanation: PS4 has a higher clock, but less cores and is using an APU solution (CPU & GPU elements combined onto a single chip). The PS4 has less RAM but is using faster GDDR ram, so the overall performance should be a wash. 

For more information, Jeff Rigby's rumour roundup.

Xbox 720 "Durango"
- AMD x86 Jaguar 1.6GHZ 8-Core [Targeting one core being dedicated for OS tasks]
- AMD 8000 series GPU 
- ESRAM on the GPU (unknown amount)
- 8GB Ram DDR3, [1.5GB of RAM likely reserved for the operating system]
- Launch 2013