"Our console isn't as strong, so teraflops don't matter anymore. And we aren't going to run at full clocks all the time also, because it would melt it. Our revolutionary SSD technology is really impressive, but we don't have any game to show how it improves gaming, which is unfortunate because third parties probably won't take full advantage of this awesome piece of hardware on which we focused so much. But hey, we went full crazy on audio. 3D Audio, yes, audio is so important, forget graphics, who cares?. Oh, and our GPU isn't that great, so we'll probably use ray tracing for shadows and global ilumination".
And all of that is fine, they chose price over performance. But than they should have made that clear: "oh, and we are announcing that our console will be $399".