Are you saying those 4GB are for VRAM only? If so then you're insane.
512MB GDDR3 was used in the 360. GDDR is used as VRAM because of its speed and low latency. The current rumour pegs the expensive GDDR5 to be a single pool (UMA) in PS4 amounting to 4GB. The percentage to be used for gfx and system related functions would be the developer's prerogative.