I don't think it will be that bad. I'm still not convinced the average gamer notices 1080p over 720p, and given the lack of complaints this gen about sub HD games. I really don't think you're going to hear much complaints next generation outside of the "hardcore forum going" gamers. Besides if Durango is less powerful, if development leads on it you'll still see parity overall.
Of course this is all my opinion with no factual data to corroberate any of it. I just don't think the difference between Durango and Orbis will be so much that MS is left hurting/struggling in any sense of the word.
[strike]Offtopic:[/strike]
People don't notice 1080p vs 720p, but Sony will take care of it being noticed, and the core gamers are, generally, the enthusiast buyers.
Just take a look at digital foundry articles.
On topic: Can we expect more info from vgleaks next week?