http://www.g4tv.com/thefeed/blog/post/692502/Former-IBM-Engineer-Discusses-PlayStation-3-And-Xbox-360-CPU-Performance.html#readmore
So what defines a better machine?
Is it more better by design? Developer and user friendly? Games library larger and more appealing to make you purchase more for your console?
So it's simply not just hardware specs, but the smart decisions when developing the machine that is a major contributor to it's success when comparing against a similar competitior.
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