All three major console producers have released the specs for their up coming systems.
The Playstation 3:

CPU

Cell Processor
PowerPC-base Core @3.2GHz
1 VMX vector unit per core
512KB L2 cache
7 x SPE @3.2GHz
7 x 128b 128 SIMD GPRs
7 x 256KB SRAM for SPE
* 1 of 8 SPEs reserved for redundancy
total floating point performance: 218 GFLOPS

GPU

RSX @550MHz
1.8 TFLOPS floating point performance
Full HD (up to 1080p) x 2 channels
Multi-way programmable parallel floating point shader pipelines

Sound

Dolby 5.1ch, DTS, LPCM, etc. (Cell- base processing)

Memory

256MB XDR Main RAM @3.2GHz 256MB GDDR3 VRAM @700MHz

System Bandwidth

Main RAM 25.6GB/s
VRAM 22.4GB/s
RSX 20GB/s (write) + 15GB/s (read)
SB< 2.5GB/s (write) + 2.5GB/s (read)

Storage

Detachable 2.5" HDD slot x 1

The Xbox 360:

Custom IBM PowerPC-based CPU

* Three symmetrical cores running at 3.2 GHz each
* Two hardware threads per core; six hardware threads total
* VMX-128 vector unit per core; three total
* 128 VMX-128 registers per hardware thread
* 1 MB L2 cache

Custom ATI Graphics Processor

* 10 MB of embedded DRAM
* 48-way parallel floating-point dynamically scheduled shader pipelines
* Unified shader architecture

Memory

* 512 MB of 700 MHz GDDR3 RAM
* Unified memory architecture

Storage

* Detachable and upgradeable 20GB hard drive
* 12x dual-layer DVD-ROM
* Memory Unit support starting at 64 MB

The Nintendo Revolution:
(Best I could find)
the console will boast four 2.5Ghz IBM G5 [supposedly not the same G5 in Macs, but the PPE derivative] Custom cores, with 128KB of level 1 cache and a 512KB shared level 2 cache, while the graphics will be powered by a dual core ATI RN520 chipset, with 16MB of on-board eDRAM for the frame buffer.

Personally, I'm likeing the new Playstation. I'll link images soon.

PLAYSTATION 3!!!!! yes, I'm gunna buy it...

The Playstation 3 seems to be in a whole different league. But I don't think I'm going to buy it the day it comes out because I bought the first generation PS 2 and my disc drive burned out (which blew).

The only reason peoples drives burn out is cause you can't play a game and switch to a DVD to often. Luckely I found that out before mine burned out.

That's not true. The drives weren't made to last 5 years, that's why almost all of the new ones haven't had any burnout problems.

Currently if you connected 2 PS3's together you would have the 500th most powerful computer on earth. thats how f**king powerful this bitach is.

sorry for double post but i just had to say this was very informative on the specs

I'm very excited for the Playstation 3, hopefully it'll drive out Xbox from the gaming world.

Xbox 360 ... don't hurt me

Screw Xbox.

i changed my mind. I looked at both and compared and i think PS3 is better

Welcome to the smart side.

horey i r lernd

What?