Monitor: The race is not to the swift | The Economist

From an overview of fundamental changes in the game console business

"To be sure, compared with the current generation of machines, graphics will take a leap. But the truth is that the new consoles will be merely catching up with the current state of the art, rather than defining it. Both consoles have about as much raw computing power as a reasonably fast desktop PC and are, for all intents and purposes, ordinary PCs in fancy boxes. Indeed, their technological guts are strikingly similar. That is because of the way the gaming industry is changing."

Monitor: The race is not to the swift | The Economist