PS3 is actually quite a powerful console, and the Cell Processor was eventually tapped into completely as shown by the stunning graphics in God of War Ascension and God of War 3. For the first year of their life cycle, it is unlikely that the next gen consoles (PS4 and XBOX ONE) will have games with better graphics than God of War Ascension or even God of War 3. This is because development for the PS3 has been fully optimized, whereas the PS4 and XBOX ONE will be too new for any majorly optimized games. Not that graphics matter that much anyways, but I just wanted to point this out.
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