As long as there are a number of people who can see a difference, there will be a difference. No excuse why it can't do 1080p when the other console is doing it.
Intel core i7 930 OC @ 4.0 ghz
XFX Double dissipation Radeon HD 7950 356 bit 3gb GDDR5 OC @ 1150 MHz core + 1575 x 4 memory
Triple channel DDR 3 12gb RAM 1600 MHz