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zero129 said:
Question. What if xbox 8 even if it doesnt have on paper as much power but has better looking 3rd party games will you still go for the PS4?.

Assuming both the Xbox 720 and PS4 share the same CPU, and PS4 maintains at least a 50% lead with the AMD GPU, the above statement is a near mathematical impossibility unless MS pays $ to 3rd parties to purposely subotage 3rd party ports to PS4. Since the GPUs are likely coming from the same AMD family (i.e., HD7000 series), it's impossible to make up for the graphical performance gap. This would be no different than if we took a PC gaming system with an identical CPU and one having a GPU 50% faster.

Some possible scenarios on how Xbox 720's game may look better: if the CPU is in the Xbox 720 is much better, the OS on the PS4 is horribly inefficient negating all of the processing power advantage of PS4's GPU, or if the developers can't figure out how to recreate "DX11" effects in PS4's OS environment, or PS4 shipping with severely crippled amount of system memory.

Considering Xbox Live fees vs. free PSN (or PSN+ offering way more features like free games over Xbox Live), and if PS4 has superior GPU, MS is going to have to do something spectacular or market the **** out of their console to make it worth buying over PS4 if their prices are similar. Without PS4's 1 year delay and $600 price tag, MS's key advantages it had with 360 over PS3 are completely gone. 

Since Xbox 360 is getting outsold by PS3 now, we know already that with equal prices and MS's thin 1st party variety, MS doesn't stand a chance against Sony if they just release the 720 without something that makes it stand out. It could be anything like a TV cable discount bundle, some cool show recording functionalities for live movie/TV recording, Kinect 2.0 bringing some revolutionary gaming experience in the living room, etc.