As it stands, we know that the WiiU is more powerful than the PS3 and the 360, by just how much is a little iffy because most of the games shown so far where either originally intended to be Wii games, ports, or developers not wanting to put too much effort in due to been unsure of the how successful 3rd party games on the system will be, so until we start seeing real exclusives for the WiiU that aren't just bumped up Wii games, we won't really be able to tell.
We also don't really know how much more powerful the PS4 and the 720 will be.
Sony took the power route this Gen and it came back to bite them, the system has been the "worst" of this gen in terms of sales, at the beginning because of it's unreasonable price, and later on just because a lot moved over to the 360 because of said original pricing. It's also had the worst version of a lot of multi-platform titles, take Skyrim for example, the game was unplayable on PS3 at launch (I don't know if that was ever fixed), and while most weren't as bad as that, a lot where still "worse" on PS3 because it was more powerful, and they also lost a lot of 3rd party "exclusives", such as Final Fantasy, Tekken and Devil May Cry. Honestly, the only reason Sony has really survived this gen is the same reason why Nintendo survived the N64 and GameCube days, there 1st party exclusives. I can't see them taking as big a risk this time, the system will be more powerful than WiiU, but I don't think it'll be by all that much, with all there recent money trouble Sony can't really afford it.
As for Microsoft, who knows what the hell they'll end up doing, they did well with the 360 at the start, good price, decent games, and where snatching Sony's exclusives left and right, but now they seem so focused on have Xbox be a system that can do everything they seem to have forgotten that it's first and foremost a games console and when they do remember it's a games console, they completely ignore the people who the system was originally made for, and instead focus on Kinect. I honestly see the 720 or what ever they'll end up calling the next Xbox been more likely to be the next gens Wii (gimmick console, that appeals to Soccer Moms, and grandparents), rather than the WiiU, which I think could actually take the 360's position.
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