Had no idea this was happening, and now I know, have yet to stop laughing.
1080p is a reasonable standard resolution at the moment though. It's affordable to jump into, with high quality brand name monitors under £100, and the hardware to output at it, not even breaching the mid-tier hardware, makes that expenditure even less. 2560x1440 hasn't, unfortunately, reached a level of accessibility yet, and it's application still variable, with most games not showing it off at it's best. But, having said that, within the next few years, WQXGA resolution SHOULD (if it's still not being redundantly being held back) the new standard. These new consoles will then be faced with vertical resolution's greater than twice what they're capable of outputting, and a generation of games that are (hopefully) developed with the modern standard in mind.
While the news is funny, it's also deeply worrying. These platforms have a lot of influence over the games industry, and often dictate the standards. If they choose to be regressive, we'll have another decade of 1080p being as good as it gets for most people; which should have been obsoleted some time ago.
In conclusion, build yourself a £400 ($600) PC, don't worry too much about what CPU to go for, Sandybridge K onwards still have enough "oomph" for any gaming, and complement that with a AMD 7850 to 7970, since most of the new AMD "RX" cards are just rebranded 7000's. Three hours of your time, and you'll save hundreds in online service subscriptions, games prices, and have a nicer PC for everyday use. Don't let them decide we only get another decade of 1080p. Tablets can get 1080p now. PC's and consoles shouldn't be wallowing around in 720p.