So much meltdown for this. X1 will be fine, it will have good and pretty games.
Multiplatform will look worse very often on X1 because it won't demand any effort to push the PS4 this time (so enough comparing with PS3, please).
PS4 is indeed more powerful than X1. It's not those small upclocks that will shorten the gap. The GPU inside PS4, coupled with the superior RAM architecture already offer a world more of possibilities for devs. Then, the CUs PS4's advantage with the 8 ACEs largerly makes for the very small (9% indeed) disadvantage CPU wise compared to X1.
Finally, stop bringing Shape into the discussion. Shape is there because of the media capabilities of the box. If 360 embarket a blu-ray player (or HD-DVD back in the time) in 2005, you bet 360 would had something like Shape in it. It's not a ZOMG SECRET SAUCE at all, but just hardware needed to support the X1's new media capabilities.
Let it go, stop the meltdown. If you are upset MS didn't go after superior graphical capabilities this time, buy the "superior" (for your taste) platform. X1 clearly isn't what you want it to be.