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Zappykins said:

It's totally exciting - we are in a new era of tech advancing super fast again.  IMO, things have been rather stalled the last 6-7 years, as tech was moving to more efficient and less raw power and speed.  It's kinda sad in a way new consoles are coming out right at the beginning of this, as in just a few years, things will be 10-100 times more powerful. 

Still, I will do my best to enjoy it now, and also when the new stuff comes along.

The first card to come out utilizing this will be launched in 2016 at the earliest, and it will probably be reserved for their $500 and above cards only at first. By the time this becomes more mainstream we will be talking about PS5 anyway.

Also just to compare:

X360 ''Xenos'' gpu has a bandwith of 22.8 GB/s. PS4 will, if it's indeed based on HD78xx technology about 153GB/s of bandwith. So that's about 8 times as much. Going from 153GB/s to 1000GB/s would be an increase off about 6.5 times. So no technology advancement is not speeding up.