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It depends. Anyone who has a clue about the die making processes will realise that Microsoft deciding to overclock their hardware to outperform Sony at the last minute would be as simple as cherry picking the dies that can perform faster to begin with, which is something I'd see Microsoft doing as a failsafe. If Sony's specs aren't as big as planned, they could go on with business as usual. If they need a clockspeed boost, then the systems already manufactured would be capable of doing so, with measures to ensure that consoles made from then on would also incorporate such dies.