Need a cheap build thats just as good as PS4

I'm low on cash.

I want a gaming PC that's cheap but is just as good as the next gen consoles.

I was thinking something like this, If that's not as good as the PS4 then I can go a bit higher in budget. I don't have a legitimate budget but I don't want to pay more then I have to, I got bills to pay.


PCPartPicker part list / Price breakdown by merchant / Benchmarks

CPU: AMD Athlon II X4 760K 3.8GHz Quad-Core Processor ($77.00 @ Amazon)
Motherboard: Biostar A55MD2 Micro ATX FM2 Motherboard ($44.99 @ Newegg)
Memory: Crucial Ballistix Sport 8GB (2 x 4GB) DDR3-1600 Memory ($59.99 @ Newegg)
Storage: Seagate Barracuda 500GB 3.5" 7200RPM Internal Hard Drive ($49.99 @ Newegg)
Video Card: Sapphire Radeon HD 7870 GHz Edition 2GB Video Card ($174.99 @ TigerDirect)
Case: Rosewill FBM-01 MicroATX Mini Tower Case ($22.49 @ Amazon)
Power Supply: Antec 450W ATX Power Supply ($34.99 @ NCIX US)
Optical Drive: Samsung SH-224DB/BEBE DVD/CD Writer ($19.99 @ Newegg)
Operating System: Microsoft Windows 7 Home Premium SP1 (OEM) (64-bit) ($89.00 @ Amazon)
Total: $566.43
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2013-11-14 17:18 EST-0500)