Whether or not the varying reports surrounding the next-generation of consoles are true or not, it still makes for interesting reading. The latest leaked technical specs are for Sony's Playstation 4/Orbis (or whatever it's going to be called), as published by Kotaku.
System Memory: 8GB
Video Memory: 2.2 GB
CPU: 4x Dual-Core AMD64 "Bulldozer" (so, 8x cores)
GPU: AMD R10xx
Ports: 4x USB 3.0, 2x Ethernet
Drive: Blu-Ray
HDD: 160GB
Audio Output: HDMI & Optical, 2.0, 5.1 & 7.1 channels