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That's not how it works. Xbox One would benefit greatly from having GDDR5 RAM as the huge ESRAM chip wouldn't be necessary and it would even lead to a slimmer form factor. Then there's the obvious advantages of having more bandwidth and having faster access to it. It would also make porting between PS4 even easier.

Microsoft chose DDR3 because its what was available 2 years ago when they chose their specs. If they were more forward thinking and pro-active in developing technologies, they could have easily matched the PS4.

If I'm not wrong, wouldn't GDDR5 RAM allow for faster loading of apps and just more graphically intensive apps in general? This is a much better advantage than shaving 2 seconds of latency between app switching.