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The GPU is enough to render both the TV screen and the gamepad in 1080p 60 FPS without being optimized. This means the PS4 and XB1 are massive hardware overkill. Their biggest advantages over the Wii U isn't their power, but that no developer will ever have to optimize the game's code. My gut is that the PS4 and XB1 will see some horribly written code relying on the hardware's power to run it by brute force. Only third party developers with a gigantic reputation for optimizing to hardware will even bother.

Which basically means Square Enix and nobody else.

It's the old axiom "what Intel giveth, Microsoft taketh away" although in this case, Microsoft and Sony are doing the giving, and EA and Epic are doing the taking away.

The only question left on the table is if 2 GB of RAM is enough. We seem to have reasonably established the GPU and CPU are sufficient. Still, if the Wii U can manage with that meager GPU to run two screens at full power, chances are that 2 GB is also "enough."