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Slimebeast said:
Yes, it would be hilarious but sadly the Xbox 720 will be much weaker than the PS4.

I don't think 'much weaker' is true. The EDGE rumours which were the most accurate mentioned PS4 being 'slightly' more powerful and 'very easy to work with' although this was before the RAM was bumped up.

So moderately weaker. 

Actually, reposting from another thread: If the games shown were really created on such early devkits, it wouldn't surprise me if the games at the xbox conference look better (going by rumours, their devkits have not changed recently in power regards). That will be fun to watch.