We're experiencing flat out shameful, incompetent design. Decade-old hardware in a primarily $350 box is not necessary or even particularly beneficial in order to secure an aggressive profit margin, and having power trade-offs with the 360/PS3 architectures ensures bad press and unhappy port-buyers from the beginning, when upgraded current gen ports were very much part of the launch strategy. Fils-Aime has to run laughably dishonest damage control on a daily basis as part of this catastrophic failure to produce a technologically viable system -- again, at such a premium price point.
No worries, though. I'm sure soccer moms worldwide, with their iPads and Nexus 7s sitting on the coffee table, will be enthralled by the unique selling point of a living room tethered, two hour battery life, PDA-era resistive touch screen tablet controller.