This trailer right here expresses exactly why the jump from current gen to next gen is large enough

[S.T.A.G.E.]

Michael-5 said:

Question is what does it look like in game?

pre-rendered cut scenese do look good though, nothing better then FFXIII

http://www.youtube.com/watch?v=6eL8J6FV240

Those arent cut scenes. Those are in game shots. Its going to be years before the consoles are pushed as well by third party. First and second party will push the consoles faster.