I'm glad being able to record wasn't just one of them over hyped worthless features, the picture quality's really good. I've seen people moaning about 'only' recording at 720p but if the game runs at 1080p while recording at a really good quality 720p that's ideal imo. There's not that much difference between 720 and 1080p picture quality on YouTube, there's a massive difference in upload time though. Only Subscribe whore 'Tubers think it's worth the time to render and upload at 1080p.
Good luck to those hoping to become well known 'Tubers nowadays lol. Sony are gonna bring YouTube to it's knees with PS4 videos