Update Official specs released already ! - Lets Speculate : Based on this Trailer, I can say the GPU and CPU as well as the price of the PS4 is ....

[VetteDude]

Soleron said:

JoeTheBro said:
GPU : 1.84 TFLOPS, AMD next-generation Radeon™ based
graphics engine

Not next generation, because there isn't one.

They probably simply mean Graphics Core Next since AMD still sells VLIW5 based chips. GCN is their next-gen GPU architecture, and with the PS4 having a modified 7850, it has a GCN GPU