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What many people here are forgetting is that it takes years before developers learn to fully optimize games for a certain console. You won't see best looking games for the consoles released on either PS4 or X1 in several years. Heck, best looking games for PS2 were released AFTER PS3 was already released. So it took over 6 years to get maximum out of PS2. The same happened with PS3, X360 etc. Games released in 2 first years looked like crap compared to last releases on same consoles.

So it is still too early to say current consoles can't do 1080p/30fps or even 60fps.