because consoles don't equate to pc equivalents.
they just need the cpu to be good at certain tasks. they don't need an all around good cpu. just one that can feed the beast (GPU) and do math at an asian level
physics + lighting are moving to the GPU on next gen engines. that's less of a load on the CPU and the big boys know this. the GPU is the beast, the CPU is what feeds it.
Jaguar should be adequate for consoles. Unlike the previous CPUs in consoles, these can do out of order execution and an 8 core jaguar cpu should be more capable than what we have no in consoles. It's not about GHz, it's about efficiency