PS
Seriously who the fuck buys a console anyway when he/she is that obsessed with good graphics?
I do! Gamecube had awesome graphics at the time as well as great game play (Rogue Squadron 2 looked stellar at the time and was fun). People accepted the step back in graphics since it featured new game play mechanics (and gimmicks). Hardware wise, Wii is not even 2x what a gamecube is but it is still better than PS2/XBOX.
We all know gameplay matters more, but that is no reason to cheap out so severly on graphics. An HD 4850 in large quantities would be very inexpensive. If it is truly less than current gen, that is unacceptable! I doubt big name developers will even waste there time developing for such a neutered system. Zelda, Mario, and shovelware : Here we come!!