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Slimebeast said:

* Stronger hardware, especially the Megaton of 8GB of GDDR5 RAM

* Sony totally catching up on the social gaming and connectivity thing which up until now has been Microsoft's ace. Share button, backwards compatibilaty through the cloud (Gaikai) are features that the Xbox 720 isn't rumoured to have yet.

* Sony successfully love-bombing third party developers judging by their positive response to a much easier to use console and making the entry level for indie developers simpler

Your entire post asumes Xbox will drop the ball on every point and will release an Xbox 360 Version 1.1 while PS4 will add all this new stuff and will be unmatched.