LOL! Might not be at E3 but people are crazy to laugh at the suggestion we will see more form factors of varying power which all share the same architecture in the future. Nintendo restructured their entire development teams and partnered with Nvidia for this very reason imo.
But it also meant that Shadow Fall, Second Son, The Order and Driveclub are still some of the best looking games available on PS4 only just being beaten recently and even then not by leaps and bounds. PS4 was close to maxed out much, much faster than PS3 was, that's not even a debate.
That didn't make Knack look like Uncharted 4.