Not a surprise, they're likely using a similar processor to the PS3, considering 8 cores is still peaking it for the majority of PCs out there. They're likely taking a page out of Nintendo's book, where Nintendo used GC parts to put together the Wii, Sony is likely transporting its PS3 investments into the PS4. Extra memory, a faster gpu, and more HD space will be the main features, not major graphical leaps.
Interesting to see how they're going to go, seems like they're planning to make a go for the casuals. Worked well for Nintendo last gen.

The Carnival of Shadows - Folk Punk from Asbury Park, New Jersey
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