"In this video, DLB discusses next generation specs for the consoles and the difference in performance between the PS4 and Xbox One. How much does it really all matter?"
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If games are going to be nothing but more FPS or first person perspective, not much.
Exclusive developers matter most;
Naughty Dog i'm looking at you.
The more you got the more the dev's can do, it also help's with the systems longevity.
Specs never meant much to me. A consistent experience was and still is much more important. On whatever platform.
It matters but people complaining about ram should stop. Both Xbox One and the PS4 are going to be a lot stronger then the previous system and no matter what system you are going to be on you are going to be getting experiences that would not work under last gen limitations. Look at how current gen games look now. Games like The Last of Us still showed how you can improve on the same system after 7 years.
I say just wait for Launch games these look very good so just imagine 5 years from now when all systems get even better looking.