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JEMC said:

Indeed.

Luckily consoles don't have access to the whole 8GB of RAM they have, leaving 1-1.5GB reserved for other system tasks that with time will be optimized and reduced to 0.5-1GB. And then there's the part of that RAM that deals with the CPU info.

And consoles are also able to make more with less RAM as the PS360 have proven.

I can see the available RAM for games on PS4 to grow from 5 to 6 GB, but not further to 7 GB (without ditching the video-sharing-stuff).

And these 5 - 6 GB RAM are shared RAM, the part used for graphics stuff will usually be smaller.

A PC with 16 GB RAM and 4GB VRAM should be enough for most (all?) 8th-generation multi-platform-games, if 1920x1080/1200 is enough for you. If you want to go SLI / CF and want to play every game in 2560x1440 or 4K, that's another story.