For the record,
counting bits is deceptive. Especially when considering
console video game systems, which typically employ a wide variety of specialized hardware in unusual configurations (as compared to personal or other general purpose
workstation-grade computers, which typically follow a well-known set of design principles).
Of course, english is english - you say what you have to say to be understood, and etymology be damned. Just remember you're measuring your progress along the highway by counting the number of cars you've passed.