The new architecture of the PS4 is more or less a gaming pc. It includes a X86 8 core 64 bit CPU from AMD with a Radeon HD GPU that is capable of achieving 1.84 TFLOPS of “CRAZY POWER!!! also the the system will feature 8gb of GDDR5 unified memory for the system, it also features a second chip in the background that is there for uploading and downloading games, video’s and other things. The PS4 will also includes a Blu-ray drive at 6X and 8X for DVDs, 802.11n WiFi capability, USB 3.0 ports, Bluetooth 2.1, optical audio port, HDMI port and even legacy analog AV hook-ups. The PS4 will have a hard drive, but Sony did not confirmed any sizes just yet or what kind of drive. Also the console is capable of playing video in 4K but not games.
So if you compare the PS4 specs to anything in the real world right now, its a high end gaming laptop that is probably worth 1200$ to 1500$ give or take! Its very exiting to see.