You're comparing a hd video stream capture, to a PC screen shot which has been reduced from it's original size (compressing details), for a development version of UE4 that, at the time of being made, targeted the PS4 build expecting only 4gb total memory, on top of this the engine has not been optimized.

And last but not least theres 9 months difference between both builds, so textures, geometry and post processing effects may well be different, the PC versions clearly utilizing depth of field amd has weather particle effects enabled, either way these are just tech demos for tech that (as recent as the 'reveal' were not even finalized as far as developers were concerned.

I just have to throw this out: Do we actually have some mentally retarded people in VGC who believe it's reasonable for a console that costs approximately the SAME price as a high end VGA card to produce the same visuals right off the bat; first attempts from developers on a new hardware platform?

Looking at those 2 screens im not sure i agree.

The PC version seems to have snowing effects on top of it, but the PS4 one seems to have better lighting.

It's other demo... not the same... even the castle is different... he pictures are in different angles too.

There are somethings better on PS4 shot... antd there are sometings better on PC shot... overall it's close with slight advantage for the PC.

Like I said the PS4 with a mid-range GPU can to graphics like top GPU in PC due optimizations and code to metal without the weight of APIs like DirectX/OpenGL or OS drivers.

The PS4 version looks better to me. The only thing that looks worse is the particle effects compared to the PC version. Who knows whether or not the tech video they displayed just had less particle effects added into it? Maybe there is the possibility of more particle effects and it just wasn't implemented in that scene.  Also seems there's no snowstorm going on the PS4 version right now.  You can't really judge the PS4 based on a tech demo that's different than the original release.

Textures on the PS4 version of the video look better.

Here's the source material btw.

http://www.dsogaming.com/news/unreal-engine-4-not-as-impressive-on-ps4-as-on-pc-comparison-between-elemental-pc-ps4-demos/

I'd say low high end myself. :)

Not bad for $400-$500, an equivalent PC would cost roughly double that.

The PS360 doing better partical effects than in that demo?

Uh...no. 

It'll be no where near a 680 (Or a 670).  Optimizing probably won't do much when the GPU is roughly 80% more powerful in comparison. 

pc will always be more powerful than a console. ironically as powerful as everyone got giddy about the ps4. ubisoft is already ready to get rid the upcoming gen lol...

by the end of the next gen 16g or ram will be in the lowest end $299 computer

PC shot looks a better but I haven't seen any games on any platform that look as good as the PS4 shot... and this is what they're getting out of it with half the RAM and before they've had extensive experience with the hardware.