I think there are more than enough resources to provide a decent TV experience with less memory and cpu reserve. I have a Nexus Player and it does a fine job with SlingTV for example. PS4 runs Netflix very well already, heck many TVs and BD players have built in Netflix functionality which is serviceable.I'm more than happy for Sony to surrender reserved resources to games but then I don't use my PS4 for anything other than games. If I'm in the UI it's because I'm starting it up, shutting it down or switching between games. I have other (and more capable) devices for everything else.
My point being that these services do not have to be resource intensive relatively speaking.