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Yes, the raw power of the PS4 surpasses all other consoles...

But, a console is not all about raw compute power which was witnessed less gen with the 360 and PS3. PS3 had more power than 360 as well.

This is about raw power, how the architecture of the system works in tandem with all the other components, how efficient the OS is, how efficient SDKs are, and how the Firmware/OS use the power available to them. The answer to these will be unclear for the next 2-3 years as both companies will improve the OS, Firmware, and SDKs. The hardware power will not be improved upon as these specs will last the entire generation. On the hardware side PS4 has already won.