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This is exactly what it will be like. There's no way they will allow games to have shit performance on the PS4 for their 60+ million installed userbase. Have we been given any specifics on the 4.5 yet? The only rumor I heard was that it was to add 4k output. I haven't heard anything about being more powerful as far as rendering goes.
Here, found the wiki:PlayStation 4 technical specifications - Wikipedia, the free encyclopedia
1.8 GFLOP in the current PS4. For comparison's sake, the popular mid-range nVidia 970 is 3.4 GFLOP and is nowhere close to being able to render 4k. The Titan X is over 6 GFLOP and just scratches the surface of 4k gameplay.