> The PS4 emulation is not worth the time or effort.
Why do you say that, specifically? To a fairly large extent, if you emulate one without excessive cheating you get both for free.
> I would be more interested what the Xbox One would be capable of if the protection > was bypassed via cloak technology.
The protection isn't slowing it down. The slow RAM and much lower-spec GPU vs. the PS4 are its biggest liabilities for gaming by far. They're why Forza 5 has sprites for the scenery instead of being true 3D like the X360 Forza 4 was. But based on the ads, at least in the US, they intend it as more of a "TV companion" than a gaming system anyway.