I'd hardly call the 400SP DX11 GPU in a Llano a "sub par graphics portion", its certainly a huge step up from both RSX and Xenos. Even with Ontario, a chip targetted at netbooks the GPU is a monster relatively speaking, low end discrete performance in a netbook is insane. Lllano will be limited by bandwidth in the real world of course, but in a console that's less of an issue because you can use faster RAM like GDDR5 and XDR2 and don't have to target particularly high rendering resoultions.
In both Ontario and Llano, roughly 2/3 or more of the die is being dedicated to the GPU portion, and in both cases the GPU portion is going to decimate everything else in their target market.
I'm not so sure how much of a step up it is http://www.anandtech.com/show/3933/amds-zacate-apu-performance-update
I wouldn't be surprised if a faster clocked waternoose/xenos wouldn't keep up or out perform these chips .
What would be the point of a new console with graphics similar to todays consoles ? Its not like with the wii that we got motion control . The 360/ps3 are getting motion control .
I would much rather have something that surpasses todays consoles by a huge margin. In all seriousness how much would a 12 core bobcat + 5770 actually cost in a next gen console. How much would the sucessor to the 5770 cost .
I think a single chip console from sony or ms would be the death of consoles esp if all 3 go with barely better than ps3/360 consoles. limiting us to low end performance of these fusion and sandy bridges would just let the pc become the dominate platform again. You can't stop progress and the high end of pcs will be way advance of whats capable on next gen consoles this way where as new consoles are normaly on par with the newest pc stuff of the time.