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Aerys said:

This is a much bigger gap than PS2>PS3. It is almost real life.

 

I still remember everyone thinking the next gen hardware was disappointing, well... :D

And all of those people were silly as f*ck.  If you compare the PS4 to Xbox 360 on a purily raw power basis, you will see an increase in horsepower of 10-16x.  That is not PS2 -> PS3, but it is easily at least as big an upgrade as Xbox -> Xbox 360.