And GDDR5 aren't magic-cubes that automatically increase performance, just wedging more of them in for bullet-point parity isn't enough, there needs to be a reason to add that much in and raise the price AND potentially hurt your long-term cost reduction and profitability.
"More bandwidth for the apps" is not a good arguement to justify the cost.
Strawman aside, that's how specs work. More of something good is good, unless you are arguing that it is overkill, which I will deal by the end of this paragraph. But, firstly, your points thereafter are false. As far as cost reduction goes, stacking and 2.5dtsv are the future, at least for a number of years; a more valid point is that 2013 is too early for this. And to come back to your initial point, even 8GB DDR3 has
some advantages over 4GB GDDR5 as far as performance goes; by having 8GB with GDDR5 equivalent bandwidth, you get the best of both worlds.*
In addition, having parity on ram allows for greater appeasement of developers: Keep developers happy, you get better ports at the very least, and by large avoid unhappy consumers.
If it is a question of economics>performance: note that every PlayStation non-portable console thus far has been based on a loss leading model. Arguably they can't afford to do this this gen, but with a subscription model, perhaps they might be more willing. Nonetheless, this is a better argument than: 'lol, extra ram is a waste, and doesn't affect performance enough', which is patently false.
As far as manufacturing goes, from what I can deduce, it's going to be pretty tight. I don't think they will make it. I think it will be 4GB. But I'd be more than happy to be wrong. But there will still be a £399 console or less regardless of the ram arrangement. Only competition with the wiiu's pricing makes me think they might opt for something over £400.
edit: *I would opt for 4GB GDDR5 over 8GB DDR3 given the choice - having read up on how bandwidth starved the PS3 was compared to the PS2. Regardless, Ideally, what they want is more bandwidth & more ram.