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The PlayStation 4 is actually recording your whole session during playing. A whole processor was wasted for just the social features of the Console. Yes I can release my whole playthrough of Final Fantasy XV and share it with tons of people who will never watch it. It‘s cool for people who need this, but for me, it‘s a waste of resources.
It‘s not like Nintendo will copy this feature now. It‘s meant for short clips perfect for the use on Twitter. Maybe this is more like a test-run to see how this feature is used by the Switch-Owners. Don‘t forget you need a lot of horsepower to actually record lot‘s of data. Like I said, the PlayStation 4 needs a separate CPU for this. So, before calling it a joke, you should compare the Hardwareof both systems. Don‘t wanna offend here, but it‘s not a fair comparison.