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zippy said:
So its a re-skinned Wii U then.

Maybe, it depends on where the spec actually sits here. "Between PS3 and PS4" is a fairly large variance, lets hope it's at least in between the two. 

I have to think at least in home/docked mode that it can run at 600+ GFLOPS at least, otherwise I don't think games like the new Sonic (also for PS4/XB1) and Dragon Quest XI could run on it at an acceptable HDTV resolution. I hope third parties start announcing more games, because if there's more PS4/XB1 ports well then it must be able to handle ports from those systems even if they're likely not 100% on par.