Sure it makes no sense... even 1GB makes no sense.
512MB was already decided, and it was WAY MUCH MORE than what they really needed... PS3 has 32MB... so 256MB is really enough, it´s all the cpu ram in PS3. 512MB is already waaay too much room to grow, I´m 99% sure Sony will not double it to 1GB. The fact they have doubled total RAM from 4GB to 8GB changes nothing the fact that 512MB is way beyond their practical needs.
OMG, it is not about having enough ram for the OS, it is about having enough ram to be able to run apps together. Game + browser + netflix + skype + whatever without having to quit any of them while switching.