Darn, the regular PS4 version doesn't seem to run that well IMO

Yes, sure. The PS4's CPU is 1.6 GHz (8 cores admittedly, but few games ever use 4 cores let alone 8) and the GPU is roughly the equivalent of a mid-range card from a few years ago (such as a 7850). The XBONE is even worse. It has 8 GB of RAM which is standard today, so that's good I suppose. The PS4 Pro is better, certainly, but the base PS4's hardware is bad for today if you want to play anything above 30 FPS. If you just took the PS4's specs and shoved it in a PC without the targeted optimization that comes with being a console, I wouldn't be surprised if it could only run the game on Low settings.

That doesn't mean console games have to look bad (The Order and Uncharted 4 look fantastic), but as I said, you're making concessions. You're locking the framerate at 30 FPS (or 24 in the case of The Order). You accept dips to the 20-25 range during bad times. And to even get to that, you need specifically developed exclusives, with teams that spent all their time making one version of the game look good. That can't happen with multiplatforms.

There's a reason both Sony and Microsoft pushed out a 2.0 version of their consoles on the market, such as the Pro. Their hardware simply couldn't keep up with PCs. Not to say that consoles aren't good bang for your buck, but in terms of pure hardware power, they indeed are outdated.