It's twice as much, not to mention it's half the memory of a PS3. It's more than enough. Now i just hope this makes it good enough to have flash, power consumer or not. If i'd be able to go youtube and facebook with it, i'd scrap all plans to buy an iphone.
Not only is that a good amount, but like RNorthex said, it's quite speedy. Quite an advantage there. I'm interested in hearing what the model of the CPU is and the specs behind it (though that may not happen). I know it's ARM-based, but nothing else.
And yeah, i would hope people wouldn't go to IGN and believe their crap. They always claim to have some sort of "insider source" game developer that gives them specs. And they are almost never right. Remember when they were spreading around the rumors about Tegra? Or that the 3DS was more powerful than a PS3?