I'd say it is. PS4 has the financial stats to back it and unlike the Wii, the gamers too. It has the best versions of third parry titles and a huge selection of exclusive games on it with more to come.
If your thinking PC, that's not actually a console, so...
I have to wonder though, when will we hit the limit? The power can increase all it wants, but it's pretty clear that devs can't keep putting more in financially or mentally.