Oles Shishkovstov, Chief Technology Officer at 4A Games (Metro 2033, Last Light), said that he prefers many low-power cores to few high-performance cores.
"I always wanted a lot of relatively-low-power cores instead of single super-high-performance one, because it's easier to simply parallelise something instead of changing core-algorithms or chasing every cycle inside critical code segment (not that we don't do that, but very often we can avoid it)."
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Whether you have eight Jaguars or four Steamrollers is very often a matter of personal taste from a programmer's point of view, but since PS4 is designed as an APU with GPGPU in mind, it definitely makes sense to go with low-power cores: eight Jaguars allow for a bigger integrated GPU.