Why?
You don't just reserve OS RAM to follow tradition. It's reserved to serve a purpose. PS3 RAM reservation was reduced when Sony learnt they didn't need it all. With that hindsight, and evaluating requirements for a next-gen system, the case for reserving 500 MBs is pretty extreme. It could be justified with some features, but I expect those features to be very niche and not particularly effective at selling the console. "Instead of opening a webpage on your phone, you can open it on your console and
stream it to your phone!"