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My take is that the only people who are claiming that the generational jump isn't that big or as big are PC gamers for pretty obvious reasons.

Very few people who are actually ready for the next generation of hardware are legitimately claiming "if only the next gen consoles were $1500 boxes I could be enjoying true next gen graphics!" Mostly these people are trolling for hits, wanting to claim that they can afford a $1500 or a $2500 console or whatever so they're disappointed that the $400-500 boxes being produced (for the normal, sane gaming consumer) are spec'd appropriately. Insert fake disappointment and indignation.