They are wrong by a mile. Atleast for a couple of years or maybe more.
Crysis 3 in consoles doesn't look out of place against a pc. They run it in stone-age hardware.
Imagine what these new consoles are capable of this kind of power. Compare a 7970m with a radeon hd 2500xt or nvidia 6800gt and you can get an idea.
These are severely optimized and are far far more efficient in a closed environment.
I dont think they can fit a 7970 in the budget of a console.
PS3 costed above $500 when it was released. Since Sony stated that the starting price of a PS4 will be lower than that of PS3(when it was aunched), ie a machine costing less than $500.
How do you expect that a $400-500 to have a highend gc, processor etc... The PS4 would most likely use a mid-end gc and processor which are Oced ( or as sony stated "Supercharged"). Then they subsidize the cost to fit into the $500 margin and sell games for rs3-4k, to earn it back.
How can you compare a console Crysis 3 to a PC one.... do you have the high texture options of PC in console. Console level graphics can be achieved in PC with a mid end GC with medium settings. Since the game was designed so beautifully, it looks gorgeous in med. settings too.
Also this time the consoles are not using Cell arhitecture, which was very optimized (though difficult to code games for). We are talking about x86, the level of optimizaion is limited (when compared to a pc).
This is good news for PC since we can expect more console to pc ports, made easy due to the same architecture.
