Microsoft is slated to be the most powerful out of all the next gen consoles about 4 to 6 times more powerful than Wii U and 2 to 3 times more powerful than Playstation Omni.
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Those are pretty big numbers.
I've expected it to be better than Wii U but 2-3 better than Omni(Ps4) would be quite a big gap, i imagine that multi-platform titles for xbox will crush any other console port if it's true.