According to Moore's law, it doesn't sound so unlikely I think.
According to Moore's law, we have the function:
f(x)=b*a^x
where b is 1(the starting value), a is the rate at which it increases per month, and since Moore's law says the processing power doubles each 18 month, we have
f(x)=1*18th_root(2)^n
or
f(x)=1,0392592260318433997101300831673^n where n is the amount of months..
The PS3 was released 71 months ago in two days, so: it should be possible for it according to Moore's law to be 15,4 times faster.
Not completely off

we most likely need to make our starting month December when the Wii U is released, since we made our calculations from the launchdate of the PS3 (it isn't completely correct.. It would most likely be better, if we used the start development dates, or the dates at which they agreed on what technology to use, but whatever). If we use december, it would be then have been 73 months since it was released, which gives us the number 16,6. So according to Moore's law, it should be possible that it is 16,6 times faster.

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Originally Posted by stevorkz
It doesn't use Blu-Ray discs for games its apparently a proprietary disc format that holds the same amount of data as a single layer Blu-Ray disc but is in no way a Blu-Ray disc.
They could have just made Blu-Ray in my opinion
Guess they're scared of Pirates? Who knows.
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Maybe the reason is that Blu-Ray is a proprietary format from Sony, and Nintendo would have to pay licensing fees. The same reason that the PS3 does not support NTFS. It's a proprietary format from Microsoft.