Those PS4 graphics look exactly the same as what's out right now. I really don't see the point in the console. PS3 would have still been good for another 5 years until Sony could have put out an affordable product that actually shows a real improvement. Right now, the PS4 does not look worth upgrading to. I just can't find a reason to actually want a PS4. What does it actually offer over the PS3? It just seems like you're re-buying the same console. I would rather pick up a Vita tbh.

Too early to tell but it only looks like a small leap so far.

Next gen looks much better than people give it credit for. Watch Deep Down. Watch it! Download it in 1080p, play it on a TV or a large monitor. Do it!

Go play some launch games from PS2 and PS3. The bouncer on PS2, then Resistance: Fall of Man.
Go play Halo: Combat Evolved on Xbox. Then play Kameo or something on 360.

Play Killzone on PS2, Killzone 2 on PS3, then watch Killzone: Shadow Fall

Actually test and look at what kind of lighting it has, The way the shadows work. The light refraction. Water effects. Particle effects. Smoke. Fire. The destruction of environments. The physics interaction. The detail in the textures. The feel of melee or movement.

Look at the way the fire moves in Deep Down against his shield. How it flows around it. Contact the shield. Melts it. Pushes the character. Look at the character animation in the opening scene. The way the eyes move, the level of muscle detail in the face.

It runs natively in 1080p, not 720p, not 540p.

Glad you at least have a similar view to me. I think the best testament will be after the PS4 launches we will go over to a friends house to play PS3 and think "oh, did these games really look this bad?"

Problem with this question is it depends entirely from what view point you decide too look at the jump.

Assuming the gameplay they showed was in fact a legitimate display of what they have so far managed to get out of the PS4, then yes I'd say the jump was just as significant. The only think that is really obscuring out view on the matter is the fact that gen 6 to 7 had a huge resolution leap (seeing the difference between SD and HD is obvious), were as this time, though we do have a nice resolution jump, it's less obvious and less comparable. The big difference is in the stuff you don't see until you are looking for them, then you realise how great they are.

Being a PC gamer I have of course been enjoying graphics around the PS4's mark (not much higher, I have a powerful computer, but no where near the best) and from my experience the jump is less about "wow this waterfall is way more realistic than older games" and more along the lines of "Holy shit that waterfall looks good."

Might not seem like much at first, but it's a big step up in immersion, which I'd say is a big jump for console gaming.

No but maybe later in the gen we will see a larger improvement. Only deep down looked impressive for me

To the minority who can spot the difference between 700p and 720p, between 50 fps and 60 fps, between good particle effects and great particle effects, the graphical leap from 7th gen to 8th will be enormous.

To the rest of us who just like games to look nice and keep a stable framerate, the difference will be hardly noticeable at all.

From Wii to Wii U, the jump is bigger then last gen. Wii games look slightly better then Gamecube Games, and Wii U games, so far, comparable to PS4 games.

From PS3 to PS4, the jump  is no more dramatic then DS to 3DS (ignoring the 3D effect). Yes there is a jump, but from what we've seens you're buying a PS4 (or a 3DS) because you were satisfied with the previous console and want more. There obviously will be new IP's, but a slightly better looking Uncharted 4 or GT6 is all you need to justify a PS4.

http://gamrconnect.vgchartz.com/post.php?id=5151304

See the difference for yourself.

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So my answer is non of the above. It's large for Nintendo, probably just as big as SNES to N64 or N64 to Gamecube. However for Sony, it's probably their smallest jump.

Read your whole post but that completely ruins everything else you have to say. Nothing on Wii U is even comparable to Knack.

This will easily match the jump from last gen. What we have seen thus far is not next gen. This is just last gen on higher powered hardware, and without a final dev kit. Once we start to see games on actual next gen engines, and built to the final spec, things will really start to impress.

Just look at the demos from Epic and Square. Nothing from this gen is anywhere close to that. By the mid point of this gen those early demos will show their age.

To those trying to say we saw this awesome leap to HD last gen, please don't be deceived. We went from 480P to 640p in many games. Next gen is going from pseudo 720p to true 1080p, and that is a much more impressive leap. Anyone with a TV over 40in or bigger will notice a massive difference in the image quality.

I think to many people have not see true HD versions of what was shown, and like Troll said, once you get your hands on it, you will see the difference. Come E3 I think a lot of people will have different opinions.