Pretty much. I don't think MS and Sony especially are going to have the power jumps that fanboys are expecting.

Me neither, which is something I've been saying for the past...three? four? years now. It's kind of refreshing to know it's becoming more and more the mainstream opinion.

Of course, being a complete hipster, I'll abandon ship as soon as thinking that becomes "cool." >_>

And there's still the chance that a hardware developer goes nuts and decides to listen to Epic. Won't they be in for a nasty shock... -_-

Well MS seems to be concerned more and more about making profit from its Xbox division. Sony simply can't afford it. Their financial situation is terrible.

720 vs 1080 is not a big deal to me, i feel like its one of those specs that people critique but really isn't that substantial. Like comparing a 10 megapixel camera with an 11 megapixel....really?

the worst part of this thread are the people who act like it really is only 720/30fps when 30fps comes into play when the console has to stream to two gamepads, the console is clearly going to be capable of 1080p/60fps or 1080/30fps with two gamepads, but its jump on the doom train at every opportunity in Nintendo threads, so there you go.

Probably Dreamcast -> Xbox in terms of performance is probably the closest bet. You're looking at something which is newer and has a higher power budget on a newer process node, in console terms it's probably half a generation.

Maybe like this:

http://www.segatech.com/technical/consolecompare/index.html