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I think it could go either way, but I don't think the meltdown will be that dramatic.

The way graphics are going, If you favour one system I don't think you're going to be worried that the competition is 20% more powerful. I look forward to seeing microsofts reveal and I would love it if it was more powerful then the ps4. I also think their 1st party line up is going to be a surprise (outside of Fable 4, which I'm terribly excited about).