Fun fact: the original Toy Story was rendered at a resolution lower than 1080p (1,536 by 922 ) when it was originally released. If we actually had this available (and not the re-rendered blu-ray) I think the image quality side of the conversation would be different.
I'm aware it was that resolution on release, but it was also going to be played on sub-HD equipment. There was no mainstream HD option, so rendering higher wasn't necessary. Even still, it had zero aliasing and all the other things that put it up over the PS4 version.
On the surface, they are close to each other. At least with what little we have to compare.
If there was a PS4 version of the film rendered in real time, but with these newer models, I'd say it would have more victories over the original than it does atm. So there's that.
Right now we are just comparing this slice.
Honestly, I find something like say, Zero Horizon more impressive anyway.
Edit: a God of War movie done with the new engine on PS4 would smoke Toy Story 1. So the point is, overall, we surpassed OG TS1. This thread is just a continuation of a silly benchmark. Like, "Can it run Crysis?".