A $1000 PC in 2005 was far behind an XBox 360 though I think. So that has definitely changed, consoles are no longer far ahead of lower priced PCs.

the NeXtBox is using very similar setup as PS4. See my sig.

This topic seems likely to get ugly. Nvidia is right and wrong. The PS4 is a low-mid range PC, but being a closed platform is good and makes it able to do more than the same specs on a PC. Unfortunately Nvidia's statement is going to cause a wildfire of arguments and spin off disagreements.

But that is all rumours. One week it is using some Intel beast, the next it is AMD. There have been no legit reports on it yet.

Funny he compares GTX 680 GPU to PS4.

~$500 GPU vs. $400-$500 CONSOLE

What nvidia says is true, with a grain of salt. While the processor in the 720/PS4 is nothing special in PC terms, nor is 8 gig of ram (the I7 laptop I am writing this on outspecs either on the processor side of things). Th GPU in either is good enough, but nowhere near the top end of the nvidia line. Between the two (720/PS4) the PS4 is likely to perform better since it is unencumbered by the windows 8/kinect clock cycle killers. But the real question is why do people think that a console should be PC powerful? A console realistically needs to do 1080p at 30 to 60 fps, and that is the limit of what it needs to do. In PC terms that is not that hard. Your console also only needs to run a limited set of software in comparison, also not that hard.

A console does not need to be a PC, I don't do large scale environmental modelling on a console, that is why I have PCs and processing clusters (I am one of the scientific users that the Kepler/Titan are aimed at, and some of our models can use a rack mount full of them... if we get the budget for it this year).

A game console does not need that kind of power, it has a fairly moderate performance range. Hell even the WiiU can do a good job of 1080p gaming (though the power pc architecture is very decent and gives a lot of bang for your buck) I have been running some of the ports CODBO2 and Ninja Gaiden are after the latest patches running pretty flawlessly on my 1080p tv (no frame rate drops). So while I agree with the power statements, I think that the console market does not need to be as powerful as a lot of people think it does to provide a great experience.

Wait...what you saying and what superchunk is saying is not the same though?

Superchunk said this:

"So yes, the APU in the PS4 is the graphical technology equivalent of a HD77XX or HD77XX, but it would have the "M" moniker at the end of the label to denote that it is the mobile series variant."

This is completely incorrect. The comparisons you have made Disolitude are much more correct. Unless Superchunk made a type here hes way off.

These rumors are very reliable and they come from the same source that leaked the PS4 specs which were 99% accurate.

It's not common here. Don't make it spread!

If you go with a high-end CPU, Aka. None of that socket 1155 or AM3 stuff... And 3-4x graphics cards and multiple monitors... You can exceed that price tag easily, heck just my screens was almost $2000 and I got them discounted!

And to put it in perspective, Jaguar has far superior single threading performance to that of Intels Atom and the ARM processors (Think: 50%). Throw 2x quaddies onto a single die for some better multi-threading... And it wouldn't be a bad chip if developers make their games heavily threaded (Which I would benefit greatly from, having 12 logical threads on my CPU).
Heck, I would peg the 8 Core Jaguar's CPU performance to be about 8-10x faster than a Dual-Core Intel Atom. - Or about equivalent to a Phenom 2 x2/Core 2 Duo @ 3.4 - 3.8ghz.
Of course it begs to question if they will use the improved Kabini die or stick with Jaguar, if it's Kabini, IPC should have increased.
Whether the CPU performance is something that's going to remain relevant for a decade remains to be seen, as it's still low-end netbook/tablet processor stuff, just with doubled the cores.

It's certainly not CPU performance that could come near a Core i7 or AMD FX 8350 thats for sure.