So my question to you then, and this isnt meant with any malice , what does that make the Call of Duty games on last gen? They ran at 60 fps (not sure about consistent though), so I feel that has to be more to it than just frame rate. Which is why I think graphics also matter, because Im not sure if last gen systems could do both. To me, that is one factor if its next gen: being able to do something the previous gen cant.
Of course that leads to arguments about what can and can not be done, and not one I am knowledgeable enough to get into.