Stupid comment, I would like to ask you what GPU do you think nVidia would have put into the PS4 if cost was not the issue? It wasn't going to be GTX 680,670 or the Titan because of power constraint. Would they be able to squeeze in a GTX 660? Possibly but how much better is the GTX 660 compared to a stronger version of a 7850? Not much.
You can argue that intel might have been able to fit a better CPU in but that argument comes down to cost because intel likes to maintain high margins on their CPUs. In a perfect world where cost was not an issue they would probably put in a Intel CPU for the best performance.
Then it comes down to the fact that intel/nVidia on the same chip would probably never happen and Sony/MS would need to buy separate GPUs/CPUs. So in some ways AMD is right, they were the only ones who can provide what the consoles were looking for since they have CPU/GPU on the same die and can sell it as a whole package to the console makers.
I get the feeling that people forget sometimes that consoles need to cost around $500 to be viable. There was no way Intel would put in a 3960X or nVidia would put in a GTX Titan into these consoles.