[citation][nom]whysobluepandabear[/nom]Um, no and no. Power management and heat have actually gotten a bit better. You might really want to look into this. Assume they're using a 4850, and then really look over your statement and see if you want to run with that.[/citation]
Whysobluepanabear,
If you are comparing an actual 4850 graphics card to today's tech, yes you are right. But when you think about it from a console perspective, the 4xxx technology will be drawing less power. Bear with me here:
Even though the older technology was more power hungry, it was also built on a larger fabrication package (55nm) than what is capable for today. Older harder over time becomes cheaper to produce due to higher yields and cheaper manufacturing all the while shrinking the fabrication package (and let's not forget that the recouping of R&D costs has already been done). By taking older tech, and making the package more efficient and smaller say 40nm, 32nm, or even 28nm), the power draw will be quite a bit less than today's generation of more efficient hardware and still can be produced at a fraction of the cost all the while not having to shell as much money into R&D.
Now to the others out there,
Also remember, that even though the Wii U might be based off the Radeon 4xxx series, it may not be identical to its graphics card relative. There could be some extra optimization thrown in, some specialized features, etc. Both the Xbox360 and PS3 are based off a certain graphics chip but there were some minor changes or optimizations that make it unique. The Xbox360 was largely based off of the x1900/x1950 with some x2900 features added in. The PS3 is based off of the 7800 (?) but also had some extra features and optimizations thrown in that are not available in graphics card.
And while it would be nice to have a console based off of current technology or tomorrow's technology, it rarely happens. At best it is either 1 year behind what is available in the home PC. But that is due to costs and how much time is spent R&Ding the console. If you keep waiting for the latest technology it'll never be released or will cost as much as a PC. A line has to be drawn as to when to accept the technology and work with what you have. The 360 and PS3 did come close, at the time, to what their home PC siblings had. But the costs of those consoles at release were more than I was willing to spend. $250-$300 is about the sweet spot for the max I would pay for a console. Otherwise, I might as well invest into my PC.
Also, today technology is improving so much faster than it did even a few years ago, and several fold compared to 10-20 years ago. New graphics card get released in 6 month increments where in the past it could be a few years before a major upgrade came out. And with the way consoles are designed, how long they are expected to stay on the market, and a plan as to when a console becomes profitable, it is near impossible for a console stay at pace with the current graphics market. Nintendo is one of the only console company's that has been able to either break even or turn a profit on their consoles from day one, all the while offering a price that doesn't gouge the customer. And they've been able do do that since the early console days. Not trying to prove they are better with this comment, it's just a little factoid.
Winding down, I do think that the graphics package Nintendo will be offering in its system will be a more than capable piece. The graphics it can generate, based off of the technology, will be better than the PS3/Xbox360 and shouldn't have any issues handling 1080P (if the ram specs are correct). Now will the new Xbox and PS have more capable hardware? Probably, but they will most likely also be released later too (probably a year or so after Nintendo's) and at a higher price point. But Nintendo, in the meantime, will have a 1 year head start, develop a strong user base and rake in the money. When the competing consoles come out, Nintendo knows people will be buying those too and will then have both consoles in the home. In my opinion, Nintendo has stopped competing to be the sole console in the home. They know people will be buying the competition as well, so why fight for that. Instead, offer a fun, decent console at a good price point that is better than last generation technology and release it a year before the rest. That way, everyone (including the companies and customers) will be able to have their cake and eat it too. The cake is not a lie.