I have read that from the current specs the jump could be around 8-10x than the current gen. But we don't have all the information we need to get a better idea. For example there's a lot of talk going on about some heavily customized portion of the Durango that is yet to be known...no rumors on what that could be yet.

About those processors, aren't they IBM? (or intel?) I don't think the two new consoles will have anything to do with them...not sure though

Agreed. No reason to be ignorant. Also if you go by cost $350-$400 would be a possibility. The fact that they are using a modified 8 core processor, possibly 8 gbs of ram, motherboard,  blu ray drive, built in kinect, possible illumi room, then yes a 6670 could be very much possible.

Guys, remember that 4 GB of RAM in a console is worth way more than 4 GB in a PC. Look at Halo 4 or The Last of Us and remind yourself, that they are running on 512 MB of RAM! How much RAM would you need in a PC to get those graphics?
The same applies to the GPU. When you have a console with a set design, the devs can squeeze much more out of it. That's why I think that should the PS4/Xbox8 come with something like A10 and 8k something GPU, we will get an easily noticable improvement in performance.

you make a valid point but mine then is why release new consoles which are basically the same performancewise as their predecessors when additional functionality can be achieved with added peripherals 

if the aim is to simply add new ways to play as the strategy for a suceeding generation

i guess this is closer to announcement then an actual announcement.

Same reason why Nintendo didn't just release the Wii-mote for the Gamecube.  Peripherals and add ons rarely work out for the long term.  When you release something like Kinect, you fragment your audience, and it makes little sense for developers to support it.  The peripheral loses support and the novelty wears off quickly.

See, I don't think that this is a recipe for failure if true. The Wii, for example, did very well and it had very dated tech the day it released, and, most importantly, it had the disadvantage of the industry wanting to develop for more advanced hardware that was already available.

Now with budget costs being such a concern, most developers (save for a few exceptions like Crytek) would be happy with just being able to have a relatively modest upgrade, more memory and an easier development environment, which will still result in a noticeable performance leap. And if Microsoft and Sony can profit easier then so much the better for the industry.

The people who will really be disappointed are the ones hoping for near 2012 high end PC performance from the new consoles, but I never expected that personally. I still stand by the belief that this coming gen will be about more than just raw power.

Then again this rumor could prove completely false anyway. I guess time will tell.

Not really surprised by the performance level ...

These systems should be able to produce a moderate boost in graphics quality while rendering at 720p@60fps or 1080p@30fps, and would have a fairly minimal improvement over the previous generation at 1080p@60fps. For developers who really wanted to push more advanced graphics these systems may be able to give them what they want at 720p@30fps.

Ultimately, I see little reason to believe that most developers would find it difficult to produce games for current systems (including the XBox 360, PS3 and Wii U) and these upcomming systems if this rumor is true.

While I could be wrong, I would expect the jump in graphics from the Wii U to these next generation platforms would be similar to the difference between the PS2 and the Gamecube or XBox.

releasing a whole new console doesn't lead to fragmentation?