No, it's not. People love to say mythical things about the PS3 CPU, but the PS4 crushes it at everything except very specialized tasks for lower cost. Why do you think Sony threw out the PS3's cell architecture entirely with the PS4 instead of iterating on it (and for that matter, why do you think IBM abandoned it)?
Answer: Ask any developer who had to work on it about how great it really was and get ready for them to rant.



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