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Actually the "Tortoise and the hare" would be a title most fitting to the 360 vs PS3 era.

The PS3 had the apt advantage of the Cell processor & XDDRam that kept on giving as years went on, until the very last second. An improve API, the power of the cloud and better dev kits won't make up for a stronger hardware. If anything the PS4 has more room to grow with asynchronous computing.