The new PlayStation 4 and Xbox One come with some pretty impressive hardware on the inside. So good, in fact, that Electronic Arts CTO Rajat Teneja believes that the performance and hardware in the Xbox One and PS4 "are a generation ahead of the highest end PC on the market," so not just gaming PCs in general, but the best gaming PC ever.
After that, he didn't mention PCs again, only saying that "benchmarks on just the video and audio performance are 8-10 times superior to the current gen," saying that "the compute capabilities of these platforms and the data transfer speeds we can now bank on, essentially removes any notion of rationing of systems resources for our game engines."
The Xbox One comes with an 8-core processor along with 8GB of RAM. We're not told about specifics, but a good guess would that both the PS4 and the Xbox One are running AMD's Jaguar chip. Compared to gaming PCs, most gamers have a quad-core processor in their gaming rigs, with a few 8-core chips floating around.
However, Microsoft nor Sony have revealed what graphics their respective consoles are running, but if they've seen the just-announced NVIDIA GTX 780 Titan graphics chip, I'm pretty sure they'd run away whimpering. Imagine two of those cards in SLI -- the gaming prowess would be practically infinite.
However, it's possible that Teneja doesn't actually mean these new consoles are faster, but rather just have newer technology in them, meaning that the processor inside the Xbox One and PS4 are so new, that it isn't available for PCs yet. Then again, from the way that Teneja worded his blog post, it seems to mean that PCs don't stand a chance against the next-gen consoles, which is quite saddening to hear.