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I really don't see the point in comparing Titan with PS4. And it's more like 2.5x more powerfull and it only has about 50% more memory bandwidth:

GTX Titan: 4.5 Tflops, 288.4 GB/s memory bandwidth, 200W average, 260W peak power consumption.

Ps4 gpu: 1.86 Tflops, 176 GB/s memory bandwidth, ~90W average, ~110W peak power consumption.

More processing power means higher power consumption. The gpu chosen for the PS4 is about the maximum possible when looking at power consumption, especially if you count the fact that it will be a one chip APU design.

And as noted with optimisation the two will be much closer.