It's not even a question for those with a good PC, we never even ask ourselves this sort of question.
I don't ask myself this question, as I have three 2560x1440 Monitors and 2 crossfired HD 7970's and GOG to get the game from.
Which leaves those with Tablets or Laptops with intergrated graphics or Consoles. When a PC isn't an option the PS4 takes the lead.
Technically it's better than XB1 though both are crippled by a big lack of power, with only 300W to work with.
This is why they are struggling to hit 1080p 60 FPS on 64-bit. The small improvement over PS3/XB360 is due to moving to 64-bit from 32-bit.
Those gains are not available next time. With 4k and VR taking the power requirements even higher, in the near future, they will need much more power in future.
These consoles are the last Gen we will see in the current form factor, with that power limit PS4's VR system can only be 720p in each eye at the very best.
Why not just up the power, it's easy to do?
Easy, but only if you increase the cooling and casing space to provide better airflow, essentially this is what the Steam Box does.
This shows what the nexxt gen consoles will have to do, if they want to compete in the future.
A fixed hardware PC or the Steam Box route, it can be done, but at what price point will consumers switch to modular PC builds.
They will try to delay, hoping some new tech will sove their power bottleneck.
The danger is the longer the delay, the less attractive the new "PConsoles" will be.