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meh. of course more expensive hardware can out power lower price hardware.
in two years PS4 may well be at $250. will same price Steam Boxes really demolish it?
is PC GPU and CPU designs really going to get that much more efficient in power/transistor count over that time?
Architecture doesn't change that quick. Sony and MS will be taking advantage of the same process shrinks, etc,
and will be getting bigger volume discount on all the components than the motley crue of Steam Box builders.
With hardware optimization kicking in major for PS4 (and XBone) while the hardware agnostic Steam platform
can only access half the level of optimization by going for vendor level APIs like Mantle/NVIDIA GL (splitting their optimization budget) but not optimize for specific setups, I don't see the comparison level shifting significantly, and in fact PS4 in particular should even pull ahead in terms of the level of optimized exclusive games (not to mention those games being exclusive to begin with). But on a general level, especially for multiplatforms, it should at least stay on par which certainly is an opportunity for SteamOS to flourish as a software platform on it's other merits.