I was envisioning the future. But the iPad model is a perfect console - long enough to make sense, short enough to not stall innovation.
Now I cannot predict the future. But we have had amazing games running on way less cpu, gpu and ram - and install base in a way is king. Right now we are in the GameBoy era of the iPad. The games grew with their auditory - if you have demand for quality writing, deep story and mature games - they will show up.