"April's next Xbox announcement "pushed back a month"

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Slimebeast said:

Indeed I believe MS was caught off guard by the extremely successful PS4 reveal and the gaming world going wild about the 8GB GDDR5 RAM present that Sony gave to gamers.

MS has probably also noted how the Wii U sales are tanking, proving that the casual mass market on home consoles has been put in the history books and thereby Microsoft's design for the X720 as a low-spec, family oriented entertainment box might turn out to be a grave miscalculation.

These two things combined could mean that MS people are in panic mode at the moment.

Actualy, it doesn't.  Because it came to light at GDC that the PS4's memory architecture isn't as great as it sounds.

While the GPU gets the top speed, of 120 or 170 GBps, the CPU only gets 20GBps.  So CPU wise the two consoles are just about even steven, and GPU wise the next Xbox is only slightly slower. 

The margin of difference in performance now is less than 1%.