To be honest I think PS4 will be slightly more powerful then Xbox 720.
Wii U is still current gen technology and isn't really that much of a graphical leap into next gen.
Microsoft lately has been turning the Xbox brand into a media/casual box more then a games console.
Nintendo has their own agenda and focuses more on game play rather then graphics.
So, that leaves Sony which in my opinion out of the big 3 are the best at developing powerful hardware.
I'm not expecting a super leap next generation.
Current Gen:
720P/30 frames per second
Next Gen:
1080P/60 frames per second
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