It's gaming spec has took a hit as a compromise to the other stuff though.
We don't know the difference in spec will actually make though. The PS3 on paper is more powerful than the 360, but graphics look the same on both, especially the multiplats.
Games are about more than raw graphics anyway. And the Kinect alone beats out on features available to developers. It is not like with the 360, not some extra peripheral most gamers don't have. Every XB1 gamer will have kinect, MS have guaranteed that, so developers don't have to worry about the kinnect features being wasted time and resources. I think we will see some really good uses for it over the next gen. Voice commands for menus, npc squad mates etc at the very least will become the norm.
I was set on the PS4 when MS announced the no game sales and always online, now then have been eased back on (im fine with once a day) its back to being very close. Do I want kinect (I like my voice commands even just for the dash/netflix and it worked well in ME3) or PSN+?